AI bubble fears grow

AI Bubble Drives Up Prices, Harms The Environment And Deserves To Burst

I heard people who read the column I wrote last week on the AI bubble complain that, by rooting for its collapse, I was hoping for the failure of the U.S. economy. Nothing could be further from the truth.The logic of a run-up in asset prices being a bubble is that it is not grounded in reality; it is fake. The best analogy would be counterfeit money. Suppose some brilliant person devised a way to make up trillions of dollars of counterfeit money…

AI bubble fears grow

{beacon} Technology Technology   The Big Story  What to know about growing AI bubble concerns A growing chorus of voices is warning there could be an artificial intelligence (AI) bubble, as companies whose fortunes are closely tied to the technology see their valuations skyrocket.  © Photo Credit High-profile figures, from OpenAI CEO Sam Altman to…