Part 8/12:
Much like the NFT and cryptocurrency booms before it, the AI craze seems to be inflated. Experts suggest that the current AI sector is experiencing a bubble that will soon burst once its real limitations become apparent. Currently, even the most advanced AI can make basic factual errors, lacks reasoning skills, and cannot replace the nuanced judgment of a skilled human.
Proponents—many of whom are in the investment community—are pushing the idea that AI will soon revolutionize every facet of life and work. Yet, insiders warn that a reckoning is imminent: once companies realize that AI isn’t the invincible force they claimed it to be, they will start rehiring competent human staff, possibly at lower costs, but only after a significant shakeout.