For moving more wealth to the top
https://en.wikipedia.org/wiki/Dot-com_bubble
Some companies did survive the dot-com bubble popping and went on to become dominant in what was left of the market.
We’re looking at a desperate struggle of AI companies convinced they’re going to be the ones that make it, being encouraged by other companies milking them for everything they can before the crash.
A company that sells RAM, GPUs, etc will of course sell every last unit they can to AI companies – they want to move as much product as possible (at inflated prices) before reality kicks in and demand drops. And they’ll have a hungry consumer market to fall back to after making a shit-load of money off of the AI rubes.
The people building data centers are rushing to get them built for the same reason. They don’t give a shit about anything that happens after they’ve been paid.
Zoolander reference.