Markets are first driven by belief until finally they yield to fundamentals. Given the steadily decreasing returns on generative AI, a reality check surely must be coming soon. But on the street, there's still enough belief in AI and there's just enough disruptive business value in select industries (eg. coding, voice-overs, web-design, search/information retrieval) to feed the hype machine for a while yet.
Markets are first driven by belief until finally they yield to fundamentals. Given the steadily decreasing returns on generative AI, a reality check surely must be coming soon. But on the street, there's still enough belief in AI and there's just enough disruptive business value in select industries (eg. coding, voice-overs, web-design, search/information retrieval) to feed the hype machine for a while yet.