Read previewThe AI boom resembles the dot-com bubble — but there's one big difference that makes this craze far more dangerous, says one expert.
"Many dot-com companies that drove the internet change went broke doing it.
Many AI companies driving as big a change will go broke or lose half their value."
"The giant AI pioneers won't go broke, but if AI losses drive their stock prices down, lots of investors will suffer," Gordon said.
He's previously drawn a line between the dot-com bubble and the tech-stock boom.
Persons:
—, Erik Gordon, Gordon, He's
Organizations:
Service, Business, University of Michigan's Ross School of Business, Nvidia, Microsoft, Big Tech