Behind the AI bubble, another tech revolution could be brewing
Today’s eye-popping valuations are based on the assumption that LLMs are the only game in town
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Investors are betting on AI chaos. History suggests otherwise
The experience of past tech revolutions suggests savvy incumbents might muddle through and even thrive
European start-up valuations boom on investor frenzy
Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown
AI companies are just companies
As we leap into a new technological age, the old rules of capitalism still apply
Year in a word: AI bubble
The high priests of Silicon Valley and Wall Street are beginning to acknowledge the excesses of Big Tech valuations
Open source could pop the AI bubble — and soon
Valuations rest on the incorrect assumption that frontier model creators have built massive, durable moats
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