Reported 3 days ago
An analyst, Julien Garran, argues that the current AI market is in an unprecedented bubble, estimated to be 17 times larger than the dot-com bubble. Despite a reported increase of nearly $1 trillion in market value among ten AI startups over the last year, none of them are profitable. Garran points to a fundamental misallocation of capital in the US and a lack of 'killer apps' in the AI space, suggesting that the industry cannot sustain its growth without further funding and questioning the real utility of AI technologies.
Source: YAHOO