A Top Economist Says a Lesson From 2000 Shows What Could Be the Biggest Risk Lurking for the AI Boom

A top economist says a lesson from 2000 shows what could be the biggest risk lurking for the AI boom

Aerial views of an Amazon Web Services Data Center known as US East 1 in Ashburn, VirginiaJonathan Ernst/REUTERSJeremy Siegel says the data infrastructure boom of the dot-com era is a useful analog to today's buildout. Companies aren't slowing on AI spending, but Siegel thinks the market may be about to shift.In his view, the risk in the current era of AI spending is that massive capex might prove unnecessary. The debate rages on over whether AI…

The AI bubble: when history rhymes with the doc-com era

Today's AI spending levels dwarf that of the dot-com era, and its compressed into a shorter time-frame