Bubble talk has not damped Silicon Valley AI rush
Venture capital dealmaking on Sand Hill Road is still frenzied despite falls in tech sector shares
Related reading
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
Silicon Valley’s abundance of hype over abundance
Tech executives are now promising the AI revolution will lead to not just more, but everything
European start-up valuations boom on investor frenzy
Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown
Big Tech’s $725bn AI spending spree sends free cash flow to a decade low
Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors
Is it a bubble?
Given that the growth of demand for AI is so unpredictable, there can be no doubt investor behaviour is speculative
Apple has become Silicon Valley’s big contrarian bet
The company has all but sat out the AI investment frenzy, but pressure to conform is increasing