Nobel laureate Romer says AI hype risks repeat of crypto bubble

Romer warned it’s dangerous to expect the current rate of improvement in AI services to continue indefinitely. — Reuters

Runaway confidence in artificial intelligence risks repeating the mistakes of the crypto hype bubble of only two years ago, economics professor and Nobel laureate Paul Romer warned.

"Right now, there’s way too much confidence about the future trajectory of AI,” Romer told Bloomberg TV at the UBS Asian Investment Conference in Hong Kong on Wednesday. "When people project this forward, I think they’re at risk of making a very serious mistake.”