Former Google CEO Eric Schmidt explains why the AI wave is no bubble, but a new industrial shift

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Former Google CEO Eric Schmidt does not believe that the AI industry is in the midst of a dot-com-style bubble. In fact, he argues that the current wave marks the beginning of a new industrial era. Since the public rollout of ChatGPT in late 2022, huge investments have been made in AI, with big tech companies rallying behind the technology and portraying it as the next big thing.

However, critics of AI have drawn parallels with the dot-com bubble of the late 1990s, and some, such as Torsten Slok, Chief Economist at Apollo Global Management, have…



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Former Google CEO Eric Schmidt explains why the AI wave is no bubble, but a new industrial shift


Former Google CEO Eric Schmidt does not believe that the AI industry is in the midst of a dot-com-style bubble. In fact, he argues that the current wave marks the beginning of a new industrial era. Since the public rollout of ChatGPT in late 2022, huge investments have been made in AI, with big tech companies rallying behind the technology and portraying it as the next big thing.

However, critics of AI have drawn parallels with the dot-com bubble of the late 1990s, and some, such as Torsten Slok, Chief Economist at Apollo Global Management, have…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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