This chapter explores the intricacies of the AI bubble phenomenon, analyzing historical technology trends and market behaviors. It examines the difficulty in identifying current market conditions while reflecting on past technology bubbles and speculating on AI's future post-correction.
Corporate investment in artificial-intelligence infrastructure reaches $1.4trn by some estimates. We ask what might threaten the expected windfalls that justify the spending. A Japanese mine’s bid to be listed by UNESCO was made harder because it ignores South Korean wartime forced labour (10:49). And why a nicotine pouch has so many fans on America’s right (18:03).
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