Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.
Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.
OR: “AI speculative bubble deflates as people realise there may not be massive profit in AI”. It’s not upending the AI industry, it’s upending the expectations that AI will be a license to print money (which has been based on nothing).
It’s upending the AI investment industry, and that’s the only thing the billionaires actually care about