Time to deflate the artificial intelligence doom bubble


The reality, of course, is that no one knows how the AI chips will fall. — Reuters

IN financial markets, nothing sells like doom. But recent fears about the disruptive potential of artificial intelligence (AI) have battered stock prices and investor sentiment so much that a reality check is warranted.

The widespread AI euphoria that swept over Wall Street for much of the last year was probably unjustified, but so too is the fear that has gripped investors recently, sending the United States software services sector down 20% in less than a month.

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