Party Like It's 1999?

Generative AI has created a gold rush today, but that rush has not yet grown into either a productivity boom or a financial bubble. There are good reasons to think this rush could become either one. Some productivity gains seems likely, but the emergence of a financial bubble is more difficult to pr...

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Bibliographic Details
Published in:IEEE MICRO 2024-03, Vol.44 (2), p.78-80
Main Authors: Greenstein, Shane, Bahar, R. Iris
Format: Article
Language:English
Subjects:
Generative artificial intelligence
Productivity
Online Access:Get full text
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Summary:Generative AI has created a gold rush today, but that rush has not yet grown into either a productivity boom or a financial bubble. There are good reasons to think this rush could become either one. Some productivity gains seems likely, but the emergence of a financial bubble is more difficult to predict. Do today's conditions resemble those that created a bubble in the late 1990s? We consider a few crucial similarities and differences between the dot-com boom and telecom bubble of the late 1990s and the recent experience with generative AI
ISSN:0272-1732
1937-4143
DOI:10.1109/MM.2024.3372349