It’s a brand new expertise that everybody’s determined to get a chunk of. CEOs say it’s going to vary how we work, entry info, and even relate to one another. Traders are showering corporations with cash — even once they aren’t turning a revenue.
You would possibly suppose that is the story of synthetic intelligence. Nevertheless it’s really what occurred throughout the dotcom bubble, again within the late nineties. When the frenzy of funding ended, the bubble burst. Corporations went bust and trillions of {dollars} of funding capital evaporated.
At present, AI corporations are elevating over a trillion {dollars} in funding, with little or no income to point out for it.
Is the dotcom bubble a imaginative and prescient of our future? Has the AI hype outpaced its earnings? And if the bubble bursts — what does it imply for the remainder of us?
This week Ayeisha Thomas-Smith is joined by Eleanor Shearer, senior analysis fellow at Widespread Wealth and Carsten Jung, interim affiliate director for financial coverage and AI on the Institute for Public Coverage Analysis.
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