AI at the Peak of Inflated Expectations? A Reality Check
The AI hype is undeniable. Buzzwords like ‘machine learning’, ‘deep learning’, and ‘artificial intelligence’ have permeated boardrooms, media, and tech conferences. However, recent market movements suggest that AI might be at the ‘peak of inflated expectations’. Nvidia, a leading player in AI hardware, has seen its stock plummet by about 20% over the last month (8th July to 8th August 2024).