The Four Criteria for a Tech Bubble

Chatter about an AI bubble has been everywhere lately, and top tech companies like Google, Meta, and Microsoft have doubled down on their AI investments for 2026. But how have analysts in the past accurately identified forming tech bubbles? Mike and Lauren sit down with WIRED contributor and author of the newsletter Blood in the Machine Brian Merchant to break down the four criteria some researchers have used in the past to understand and brace for the worst.  Learn about your ad choices: dovetail.prx.org/ad-choices