The stock prices of companies invested in AI have soared over the past year, particularly that of Nvidia, whose GPUs are the backbone of AI infrastructure. That led to a panicked sell off this month amid fear that the growth may be out of step with the real value of the technology. But despite recent market jitters, the broad trends in AI adoption continue, and companies across all industries are integrating AI into their operations.
This narrative is not only premature, it also overlooks the profound and enduring impact of AI technologies, particularly generative AI, on the global economy. To label the current AI landscape as 'overhyped' - as one hedge fund manager has done - is to fundamentally misunderstand the nature of the technological advancements at play,
Even if the precipitous growth of AI stocks has come to an end for now, AI in the creative sector is here to stay and it will continue to drive many of the biggest innovations in the years to come.
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