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AI firms on the brink of collapse? Specialists speculate that we're at the height of a bubble, about to pop.
Numerous AI businesses, even in their early stages, are calling for high market values, and investors who aspire to get hold of the next ChatGPT and OpenAI, are investing endless funds into them. Nonetheless, industry professionals are cautioning that this AI trend is merely another bubble, now on the verge of popping.
Investors are heavily investing billions in the AI industry. However, analysts suggest that the majority of AI firms are overpriced, and there is growing concern about a potential "AI bubble," as cautioned in a Futurism report.
Research conducted by technology stock specialist Richard Windsor, emphasized by CNBC, portrays the dangers tied to the AI craze. He compares the scenario to a round of musical chairs, in which money is poured into the AI industry with disregard for the underlying company basics. This could possibly leave investors in a lurch when the situation changes.
The latest happenings have only intensified worries. Reports suggest that Cohere, an AI startup that focuses on generative technology, is in advanced talks for a deal that could peg its value at an impressive $5 billion. Microsoft's unusual investment of $13 billion in OpenAI, as well as its recruitment rush from AI startup Inflection AI, have surprised investors, leading to queries about Microsoft's game plan.
Windsor compares the current excitement around AI to past investment frenzies like the internet surge in 1999 and the excitement for self-driving cars in 2017. Even with concerns about potential returns, investors are still heavily investing in AI companies.
Kai Wu, who started Sparkline Capital, cautions about a significant surge in AI funding, with some investors seeking opportunities regardless of the price, while others anticipate a market crash.
Emad Mostaque, the former CEO of Stability AI, anticipates that the AI boom could exceed all previous ones, referring to it as the "dot AI" bubble.
Jeffrey Gundlach, the head of DoubleLine Capital, compares the current fascination with AI to the dot-com bubble. Meanwhile, John Hussman from Hussman Investment Trust cautions about excessive speculation.
The research report from Windsor emphasizes the profitability of the chip manufacturer Nvidia during the surge in AI, pointing out possible hazards for those supplying generative AI services.
As the excitement persists, Windsor forecasts a merger within the industry, with smaller, emerging companies expected to be bought out by larger corporations that don't possess internal AI skills.
The peculiar agreement with Microsoft and the escalating valuations of startups are causing worry among specialists. They are dubious about the sector's capability to convert excitement into earnings.
AI ethics specialist, Rumman Chowdhury, has warned that the ongoing struggles with precision in AI chatbots contribute to skepticism surrounding the longevity of the industry.
People often compare the present situation with past market bubbles, leading to the big unanswered question: Will the excitement over AI end in the same way, or will it surpass the predictions? We can only wait to see.
(Incorporating information from various sources)
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Microsoft is developing a supercomputer named 'Stargate', valued at $100 billion, specifically for OpenAI to ensure the future readiness of AI.
In a real-life Black Mirror scenario, OpenAI has revealed a new AI bot for voice cloning that can mimic any speech after listening to a 15-second clip.
Microsoft and OpenAI have teamed up on the 'Stargate' supercomputer project, valued at $100 billion.
Japan and the USA are working to enhance their cooperation in the fields of AI and semiconductors.
Microsoft is on the path to constructing a $100 billion supercomputer titled 'Stargate' exclusively for OpenAI, aimed at making AI future resistant.
OpenAI has launched a new AI bot capable of replicating any voice after just a 15-second sample, reminiscent of a Black Mirror episode.
The 'Stargate' AI supercomputer project, a partnership between Microsoft and OpenAI, is valued at $100 billion.
Japan and the US are increasing their joint efforts in AI and semiconductor technologies.
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