"people get very excited like they are today about artificial intelligence."
"The [bubbles] that are industrial are not nearly as bad, it can even be good, because when the dust settles and you see who are the winners, societies benefit from those inventions,"
"This is real, the benefits to society from AI are going to be gigantic,"
"When bubbles happen, smart people get overexcited about a kernel of truth,"
The AI industry exhibits signs of an industrial bubble, with many company valuations disconnected from business fundamentals. Excessive excitement has driven massive investments into AI despite limited proof of commercial readiness. A market correction could remove weaker firms and leave winners whose inventions deliver broad societal benefits. Expected outcomes include higher productivity, cheaper goods, and improved health outcomes. Growing skepticism exists because AI has not yet replaced workers and many generative AI pilots fail to produce rapid revenue growth. Persistent optimism continues to shape investor behavior and resource allocation in the sector.
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