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Calling AI a "bubble" misses its capacity for change, investors say

Calling AI a "bubble" misses its capacity for change, investors say

Summary

Some top investors believe that despite concerns about a possible AI "bubble," artificial intelligence is set to change many industries in a big way. They compare AI's potential impact to past technological advances like the internet boom and cloud computing. While there might be short-term market concerns, the long-term view is that AI will significantly transform various fields.

Key Facts

  • Investors discussed AI's potential at the Axios BFD event.
  • AI is viewed as highly transformative and more significant than past tech changes like the dotcom era.
  • AI has the potential to disrupt many traditional industries.
  • Some in creative fields are concerned about AI's impact, but others see it as an opportunity.
  • The market for AI, including large language models (LLMs), might currently be inflated.
  • Despite market worries, the foundational change AI brings could have lasting effects across different sectors.

Source Information