Is AI a Bubble? Not So Fast.
It’s far too early to say if AI is a bubble. But the technology’s power to transform society means that believing it’s a bubble can be something of a security blanket.
“It is premature to write off current AI valuations as a bubble,” writes Tyler Cowen. (Image via Wellcome Collection)
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For more on this subject, read Niall Ferguson on why the AI sector may be headed for a crash after all.
Last week, Warren Buffett’s Berkshire Hathaway announced it had bought more than 17.8 million shares of Alphabet, Google’s parent company, at a total price of $4.3 billion.
How can that be? Isn’t AI supposed to be the world’s biggest bubble? Wouldn’t that mean that Google, which is increasingly becoming an AI-focused company, would be a poor investment? After all, Google will soon release their much-heralded Gemini 3.0 model. And the prices of Google shares are already nearing all-time highs.
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