Is the AI hype comparable to the dot.com hype?
07/19/2023 •
Yes — The majority of the viewpoints expressed believe the AI hype is comparable to the dot.com bubble, both in terms of overvaluation of stocks and in the intensity of hype. However, most also acknowledge that AI has clear uses and is here to stay.
Artificial IntelligenceAI HypeAI BubbleDot-Com BubbleBusiness ImpactAI RisksAI EvolutionTechnological Singularity
Stats
| 72% | 63 | |
| 14% | 12 | Mastodon |
| 10% | 9 | Hacker News |
| 2% | 2 | |
| 1% | 1 | 4Chan |
| 52% | Negative |
| 32% | Neutral |
| 17% | Positive |
| 53% | 😃 Joy |
| 28% | 😱 Fear |
| 16% | 😡 Anger |
| 2% | 😢 Sadness |
| 1% | 😯 Surprise |
| 0% | 🥰 Love |
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Story
- A controversial viewpoint is that the AI hype will lead to a bubble that will crash similarly to the dot com bubble. This view contends that many AI stocks are currently overvalued and will inevitably crash, but AI technology itself is here to stay and has clear uses.
- A contrasting viewpoint asserts that while the AI hype resembles the dot com bubble in terms of the market frenzy, there are significant differences. The critical point is that AI is already being gradually integrated into existing hardware, subtly becoming a part of consumer experiences, unlike the dot com bubble where many consumers were unaware of the internet's value.
- Some individuals draw a comparison between the AI hype and other recent tech fads like blockchain and cryptocurrencies, claiming that these trends are more similar due to the nature of their hype and eventual crashes.
- There is a consensus that AI has potential world-changing effects and is here to stay, even if some AI stocks might be overvalued and crash.
- Opinions are split on whether companies that fail to adapt to AI will face catastrophic consequences such as widespread job losses and economic collapse, or whether they will simply be left behind by competitors who embrace AI.
- Some argue that the current hype around AI stocks is similar to the dotcom bubble and predict a crash, while others believe that AI has increased the value of a few major players and predict a softer burst in the AI bubble.
- AI has produced several real products across various sectors, such as healthcare, finance, and manufacturing, but there are opinions stating that many AI products are not yet profitable.
- Despite a range of viewpoints, most individuals agree that AI has provided significant value and will continue to reshape how things work in the future.