Is the AI investment boom disconnected from global economic reality?
By
Ian Verrender
Summary
The article examines the disconnect between global economic and geopolitical turmoil and the relentless AI investment boom. Despite rising inflation, stunted growth, energy crises, and widespread social/political upheaval, investors remain fixated on the transformative potential of AI. The piece questions whether this AI-driven financial frenzy is sustainable or if the "wheels are about to fall off," offering a skeptical take on the hype cycle surrounding artificial intelligence investments.
Source
bskyIs the AI investment boom disconnected from global economic reality?abc.net.auKey quotes
· 3 pulledOvershadowing the tumult has been a financial boom beyond almost anything ever witnessed before, focused entirely on the perceived benefits wrought by a brave new world of AI that threatens to up-end our lives.
Inflation is up, growth is stunted and an energy crisis that has been suppressed for most of this year is once again threatening chaos. And yet, investors sail blithely on.
What, if anything, has the past financial year taught us? Not much, apparently, as it draws to a close this afternoon in much the same way it began.
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