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AI hype has echoes of the telecoms boom and bust

The tech transformation may take years longer than suggested by the record share prices and funding targets.

When a chief executive asks for trillions, not billions, when raising funds you know a sector may be getting a bit too hot.

In the long run, generative artificial intelligence will transform many industries and the way people work. But a report that OpenAI chief executive Sam Altman is talking to investors about an artificial intelligence chip project has raised a lot of questions.

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Financial Times

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    Original URL: https://www.afr.com/world/north-america/ai-hype-has-echoes-of-the-telecoms-boom-and-bust-20240214-p5f516