AI’s hype balloon fills with investor helium
The global stock market, roughly $100 trillion in value today, will triple in value by the end of the decade thanks to AI, investing guru Cathie Wood told the Ted AI conference yesterday.
- Why it matters:Nearly a year after the debut of ChatGPT, the rhetoric promoting AI is pushing toward new extremes, Axios managing editor Scott Rosenberg writes from the Bay Area.
That’s happening at the same time skepticism mounts over the likelihood the technology will drive near-term financial gains — and warnings of an AI-driven apocalypse remain dire.
- AI skeptics believe the industry’s headlong rush to develop and deploy broadly capable artificial general intelligence (AGI) risks unleashing an essentially unknowable and potentially all-powerful “alien life form” — one that could escape human control and even eliminate our species.
But AI is the one hot genre in the tech investment playbook right now, climbing to $17.9 billion in startup investments during the third quarter, per Pitchbook data cited by Bloomberg. Overall investments fell 31%.
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Πηγή: axios.com
