Academic skepticism and business frustration have triggered past AI winters. This time, both factors are present. But there are key differences too.
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Investors’ long-running enthusiasm for artificial intelligence showed signs of faltering on Tuesday as tech stocks tumbled.
A U.S. Census Bureau survey showing declining AI adoption adds to signs we might be past the peak of the AI hype cycle
“It seems you can’t go anywhere without talking about AI,” says Aditya Bhave, senior U.S. economist at Bank of America Research.
AI darlings Palantir, Nvidia, and Tesla slide, sinking the S&P and the Dow in the early going Tuesday.
“The crash is separating real AI revenues from companies that only have AI PowerPoints.”
