Remember in the very recent past how Wall Street cheerleaders were suggesting the Fed could pull off a soft landing and that our economy was on the verge a dramatic new growth thanks to artificial intelligence? Well, according to an article in Zero Hedge on September 19, the AI meme seems to be petering out, much as most of the other imaginary realities like GameStop, AMC Entertainment Holdings, and BlackBerry Limited are doing. Truth be told, artificial intelligence has been with us for quite some time. What do you think Google is doing when it follows you around to suggest the next product that might “float your boat”? Yes, it is real and will become ever more efficient over time. But it is not deserving of Wall Street hype and recent mania. The chart above on your right displays a cooling off in AI stocks, which has been a major driver of the equity market overall. Quoting Zero Hedge: “
Is the AI Bubble Ending Sending a Bearish Signal?
Is the AI Bubble Ending Sending a Bearish…
Is the AI Bubble Ending Sending a Bearish Signal?
Remember in the very recent past how Wall Street cheerleaders were suggesting the Fed could pull off a soft landing and that our economy was on the verge a dramatic new growth thanks to artificial intelligence? Well, according to an article in Zero Hedge on September 19, the AI meme seems to be petering out, much as most of the other imaginary realities like GameStop, AMC Entertainment Holdings, and BlackBerry Limited are doing. Truth be told, artificial intelligence has been with us for quite some time. What do you think Google is doing when it follows you around to suggest the next product that might “float your boat”? Yes, it is real and will become ever more efficient over time. But it is not deserving of Wall Street hype and recent mania. The chart above on your right displays a cooling off in AI stocks, which has been a major driver of the equity market overall. Quoting Zero Hedge: “