Bloomberg: Majority of VC Funds are going to AI

I’ve read recently that 52% of all global venture capital funds are being pushed into AI, increasing to 62% when restricted to the US alone. Obviously this shows that AI is extremely popular in the business world but I want to know is if this is due to an AI bubble due to the very low expected medium term return on investment or if AI itself is powerful enough to ignore a bubble and give extremely good long term investments?

Source(note it has a paywall):https://www.bloomberg.com/news/articles/2025-10-03/ai-is-dominating-2025-vc-investing-pulling-in-192-7-billion?embedded-checkout=true