This article from Philosophy & Technology argues that the current excitement surrounding artificial intelligence (AI) constitutes a tech bubble, similar to previous historical examples like the dot-com and cryptocurrency booms. The author analyzes the characteristics of tech bubbles, highlighting speculative investment, inflated valuations, and insufficient regulation as key features. Several past tech bubbles are examined to identify recurring patterns and lessons learned (or not learned). Ultimately, the author contends that the AI bubble, driven by rapid advancements and widespread hype, risks a significant market correction and advocates for more cautious investment and stronger regulatory oversight.
Please note that the podcast covers key points from the source with synthetic voices, which may have glitches. It’s a reflective, not comprehensive, interpretation.
Floridi, L. (2024). Why the AI Hype is Another Tech Bubble. Philosophy & Technology, 37(4), 128. https://doi.org/10.1007/s13347-024-00817-w
