“The AI stock mania is reminiscent of other speculative crazes in the world of tech,” wrote CNN’s Paul La Monica. “Remember when crypto-related stocks soared in 2021 and then tanked in 2022? And let’s not forget the epic rise of many dot-com companies in the late 1990s and their subsequent plunge in 2000.”
Yet, we know that artificial intelligence is here to stay; Mr. La Monica himself later conceded that AI “is no passing fad.” Much like the internet in the late-90s, we know that artificial intelligence creates tangible benefits… even if we’re not sure how to best use it yet.
That means it’s more important than ever to separate the companies that claim they will benefit from AI, versus the ones that actually do. The internet of the 1990s couldn’t save outdated businesses from the dustbin of history. And artificial intelligence won’t either.
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