Is AI a New Bubble or a Lasting Revolution?
Published on: 17-11-2024
Updated on: 16-12-2024
The worlds of finance and technology are characterized by periods of euphoria and pessimism. Historically, we’ve witnessed multiple instances where markets soar to unprecedented heights only to collapse abruptly. Think of the tulip mania in the 17th century, the gold bubble at the end of the 1970s, and the dotcom bubble at the beginning of this century. With the rapid rise of artificial intelligence (AI), the question arises: Is AI in a similar bubble, or is it a technological revolution with lasting impact? In this article, we delve deep into the characteristics of economic bubbles, compare them with current AI trends, and investigate whether AI is a temporary hype or a lasting game-changer.