AI Bubble: A Technological Discontinuity Fuelled by Compelling Story, FOMO, and Big Tech Funding.
AI Summary1 min read
TL;DR
The AI bubble is driven by technological advances, compelling narratives, FOMO, and abundant funding, yet it's seen as essential for AI's progress despite risks.
Tags
Nvidia
The article discusses the current AI bubble, with companies like Nvidia and OpenAI experiencing significant valuation growth. The author believes that the AI bubble is fueled by a real technological discontinuity, a compelling story about inevitability, FOMO and herd behavior, and easy capital at scale. Despite the concerns, the author argues that the bubble is necessary for the growth and development of AI technology.
