Figure 1
A line graph titled Drawdown Lifecycle: Start Peak to Deepest Point displays the AI Index from 2005 to 2025. The x axis represents the date, ranging from 2005 to 2025, and the y axis represents the price, ranging from 0 to approximately 900. Green triangles denote the start of drawdowns, and red X marks denote crisis anchors, the deepest point reached within each episode. Pink shaded regions indicate the duration of each drawdown. The graph shows multiple drawdown events, with three onset clusters around 2007, 2010, and 2021. The graph illustrates the complexity of drawdowns, showing that they do not follow simple one-stage declines but exhibit oscillations and recovery attempts before reaching the lowest depths. All values are approximated.Drawdown lifecycle: onsets and troughs on AI Index (2005–2025). Green triangles denote 12 unique drawdown onsets; red X marks denote 17 crisis anchors. Pink shaded regions indicate duration. Three clusters (2007-11-06, 2010-04-22, 2021-12-27) reveal multi-stage crisis dynamics with regime-dependent oscillations before ultimate trough depths