this post was submitted on 17 Oct 2024
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Economics

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The U.S. Economy - brought to you by Nvidia (sh.itjust.works)
submitted 5 days ago by 31337@sh.itjust.works to c/economics@lemmy.world
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[–] Sentau@discuss.tchncs.de 23 points 4 days ago* (last edited 4 days ago)

The problem isn't the potential usefulness of AI, it is the fact that everything related to AI is being massively overvalued resulting in a 'AI bubble'. It is similar to the dot.com bubble. Doesn't mean AI will disappear when the bubble burst, just that the valur of software and services with AI in them will normalize (like how the internet didn't disappear with the dot.com crash, just the valuation of software and services using the internet came back to what could be considered normal)