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The surging growth in demand for AI products and the hype surrounding them has driven technology stocks to new highs in the last year, but now experts suggest the AI bubble is bursting.

In a report from Goldman Sachs looking at if this huge monetary confidence will pay off, portfolio manager Brook Dane said: “You get these waves of both investment digestion and hype-reality.

“We really need to see, at some point over the next year to year-and-a-half, applications that use this technology in a way that’s more profound than coding and customer service chatbots.

“If this ends up just doing coding and customer service, we’re massively overspending on this.”

Samsung recently polled over 5,000 Gen Zers across France, Germany, Korea, the U.K. and the U.S. on their views of AI, and tech more generally. Nearly 70% said that they consider AI to be a “go-to” resource for work-related tasks like summarizing documents and meetings and conducting research, as well as non-work-related tasks such as finding inspiration and brainstorming.

Yet, according to a report published earlier in the year by EduBirdie, a professional essay-writing service, more than a third of Gen Zers who use OpenAI’s chatbot platform ChatGPT and other AI tools at work feel guilty about doing so. Respondents expressed concerns that AI could limit their critical thinking skills and hamper their creativity.

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AI News

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AI Tools

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