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I don't think the bubble will really bust until one of the major companies start significantly scaling back it's investment... then it'll start the usual wave of "hmm, maybe we don't need to invest as much" and a cyclical spiral will begin.
I think this is more of a sign of adding air to the bubble for now.
The modern Google officially dropped that aspiration.
No evidence from this that the bubble is bursting per this 4 days earlier Business Insider article. The context of the exploding offer that crammed down the employee's stake by 99% is that a deal to sell all of Windsurf to OpenAI for $3 billion fell through, then "Google said it would pay $2.4 billion to hire it's CEO and top talent and license the company's intellectual property."
Contrary to the claims in that article, the Silicon Valley and venture capital social contract of giving everyone their promised boon at a cash out event is long over, so Google's actions today are not that surprising.