AI returns still a long way from justifying investment mania
The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from
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AI has a cargo cult problem
Spending vast sums and inflating an investment bubble is no guarantee of unleashing technological magic
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
AI has driven investors to hallucinations
Competing visions on the next big technological revolution are discombobulating markets
The AI debt boom does not augur well for investors
The surge in investment may end up looking more like previous cycles of over-optimism and heavy capital spending
The AI boom is not a bubble
Valuations may be spectacular and a bust could come — but while there’s exuberance there is no mania or irrationality
European start-up valuations boom on investor frenzy
Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown