direction john naughton
From boom to burst, the AI bubble is only heading in one direction John Naughton
"Are we really in an AI bubble," asked a reader of last month's column about the apparently unstoppable rise of Nvidia, "and how would we know?" Good question, so I asked an AI about it and was pointed to Investopedia, which is written by humans who know about this stuff. It told me that a bubble goes through five stages – rather as Elisabeth Kübler-Ross said people do with grief. For investment bubbles, the five stages are displacement, boom, euphoria, profit-taking and panic. So let's see how this maps on to our experience so far with AI.