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Shares / Do I see an AI Tech bubble coming?
« on: May 08, 2023, 10:39:15 am »
By now, if you have not heard, felt and experienced the hype around AI, you are surely living under a rock.
Looking back at around circa 2000, and the forming and bursting of the tech bubble, I cannot help but think the same is going to happen again. Companies, spouting AI as their money-making technology, making big promises while showing little or no current profit, are already talking up a storm, telling everybody who will listen to how much they are going to be making out of the use of AI. I'm not talking about using AI to tell them how to invest in stocks, but in how they are promising to use AI to bring weird and wonderful products to market.
Over the past two months the news has been inundated with adverts for AI. Money Web has even got an advert for how to become an AI expert in 4 days. The cost? A cool R26 800.
So my question is, how quickly is this bubble going to inflate, and how hard is it going to pop?
Which leads to question number two - which companies are going to be the guilty parties?
Looking back at around circa 2000, and the forming and bursting of the tech bubble, I cannot help but think the same is going to happen again. Companies, spouting AI as their money-making technology, making big promises while showing little or no current profit, are already talking up a storm, telling everybody who will listen to how much they are going to be making out of the use of AI. I'm not talking about using AI to tell them how to invest in stocks, but in how they are promising to use AI to bring weird and wonderful products to market.
Over the past two months the news has been inundated with adverts for AI. Money Web has even got an advert for how to become an AI expert in 4 days. The cost? A cool R26 800.
So my question is, how quickly is this bubble going to inflate, and how hard is it going to pop?
Which leads to question number two - which companies are going to be the guilty parties?
