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The AI Boom Is More Overhyped than the 1990s Dot-Com Bubble, Says Top Economist
4 Articles
4 Articles
The AI boom is more overhyped than the 1990s dot-com bubble, says top economist - WorldNL Magazine
Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. The big picture: As tech giants pour more money into AI, some warn that a bubble may be forming. Drawing comparisons to the dot-com crash that wiped out trillions at the turn of the millennium, analysts caution that today's market has become too reliant on still-unproven AI investments. Torsten Slok, chief economist at Apollo Global Management, rec…
Investors rely on artificial intelligence, but according to economists, the AI bubble swells even more dangerously than the Internet madness of 1999. Does the market experience the greatest speculative frenzy of the decade or does a new crash really threaten the technological giants?
"The trees do not grow to the sky." Julián Emanuel's phrase, chief strategist of Evercore ISI, serves to describe the frenzy for the artificial intelligence that is experienced today in the markets. AI has aroused enormous expectations in the world and dazzled the financial markets in particular. Unthought-out hikes in actions, a wave of headlines overflowing with optimism in the newspapers and promises of an unparalleled economic transformation…
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