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Kyla Scanlon on Communicating Economic Ideas through Social Media
Conversations with Tyler
Tech Booms Bring both Hype and Reality
The technology sector, particularly AI, often experiences cycles of hype followed by a significant downturn, akin to historical patterns seen during the railroad and dot-com eras. While initial enthusiasm may lead to inflated valuations, the inevitable collapse can result in substantial losses for investors. However, like previous technological revolutions, a resurgence is likely as valuable applications of AI emerge, distinguishing between useful and less effective innovations. This cyclical nature suggests that while some entities may fail, the foundational technology, much like the internet post-bubble, will persist and pave the way for future growth.
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