Learning to Love the AI Bubble - Philipp Gerbert and Michael Spira, MIT Sloan

Having studied AI intensely for the past two years, our best guess to the first question is, yes, today’s fascination with all things AI has most of the trappings of a financial bubble. But unlike the housing bubble, the effects of a bursting AI bubble wouldn’t cause great harm. Indeed, this bubble seems to have more in common with the dot.com bubble, which helped finance the internet backbone, than the housing bubble, which wreaked havoc on the household finances of millions of homeowners. https://sloanreview.mit.edu/article/learning-to-love-the-ai-bubble/