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2 days agoWhy we should all be worried about the AI bubble | Computer Weekly
It's becoming clearer that we are in a perilous financial situation globally. Fears over an "AI bubble" are being cited by the Bank of England, the International Monetary Fund and the boss of JP Morgan, Jamie Dimon. If you want a sense of how insane the narrative is around AI investments, consider this: Thinking Machines Lab, an AI startup, recently raised $2bn funding on a valuation of $10bn. The company has zero products, zero customers and zero revenues. The only thing it made public to its investors was the resume of its founder, Mira Murati, formerly chief technology officer at OpenAI. If that's not hubris meeting market exuberance, what is?
Artificial intelligence