AI needs a killer app to prove it’s not a bubble — Goldman Sachs, MIT
Analysts were split over whether today’s AI investments would pay off in the next decade.
Analysts from Goldman Sachs and MIT recently took a deep dive into the generative artificial intelligence (AI) market to determine its short- and long-term viability for investors.
The question looming over their research was whether the current AI market represents an expanding bubble waiting to burst, or the “pickaxes and shovels” stage of the next frontier for technology and industry.
Unfortunately, according to the report, the answer isn’t so simple. The marketplace differences that occur when a bubble is about to burst — as seen when the dot-com bubble burst — and a killer application is about to turbocharge a technology — as seen when Satoshi Nakamoto et al. invented cryptocurrency — can be too subtle to see until it’s too late.
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Author: Tristan Greene
