A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
It’s bizarre to think how much this ‘AI revolution’ holds similarities to the introduction of the internet: the market bubble, the over-saturation of adoption by companies without any actual strategy for system integration, the whole general over-hype. I remember in high school and uni discussing with my parents how I couldn’t fathom studying computer science without the internet; I’m sure the kids in the future will be saying the same about AI.
It’s bizarre to think how much this ‘AI revolution’ holds similarities to the introduction of the internet: the market bubble, the over-saturation of adoption by companies without any actual strategy for system integration, the whole general over-hype. I remember in high school and uni discussing with my parents how I couldn’t fathom studying computer science without the internet; I’m sure the kids in the future will be saying the same about AI.
I just don’t see anything all that valuable surviving this bubble. Not yet.
tbf, they said they same thing about computers and the internet.