The massive investment in AI technology by major tech companies, driven by expectations of productivity gains and profit increases, may constitute an AI bubble because actual productivity improvements have been minimal despite the enormous capital being pumped into the sector, suggesting that the anticipated economic benefits may not materialize as projected.
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Dr. Ed Gordon- "Will the AI Bubble Pop? Yes."Added:
Think about it this way. In every computer AI every time we introduce new technologies you wipe out old jobs, you create new jobs that were not anticipated.
>> Right.
>> That's going on now. All right?
Also too, AI right now, trillion trillion dollars is being pumped into AI by the bigger tech companies.
They expect a a increase of profit because they're going to get rid of a lot of people, all right? And the improvement in productivity.
That is not happening.
Instead, productivity has gone up a tiny bit.
So, if this continues, the question is do we have an AI bubble? In other words, do you have a lot of money being pumped into the stock market anticipating bigger profits because AI is going to raise productivity and performance. It is not happening.
>> Because they have not [clears throat] trained improperly people to take care of the robots and the computers.
>> Or whatever right, or whatever the application may be, all right? So, will ultimately a bubble pop? Yes.
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