Tech Stocks Had a Terrible Day. What’s Coming Could Be Worse.
· nytimes.com · popularity 45/100 · 0 similar stories today
Read the original at nytimes.com →
Summary
We’ve been here before. As with so many other transformational inventions — railroads, electricity, the internet — outsize enthusiasm for artificial intelligence is supporting a level of spending that’s gotten ahead of plausible profit expectations, a defining characteristic of a financial bubble. …
Found in: Artificial Intelligence, Investing. Rating basis: single outlet; outlet tier 5; 2 feeds; listed 2 times; feed position 15.