Since generative artificial intelligence arrived in 2022, analysts have warned that the AI bubble is real and that it could burst at any time. Now, we finally have proof that the end may be closer than we think, thanks to tangible data that is hard to refute.
The early days of generative AI were rife with hype and optimism, with a laundry list of promises from everyone involved, from investors to developers and all in between. Goldman Sachs said AI could boost the global GDP by 7%. Others claimed it would automate repetitive work at businesses to make employees more efficient. AI was even positioned as a lifesaving tool that will find the cure to deadly diseases, including cancer.
‘They’re losing hundreds of millions of dollars. This
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