AI is effectively ‘useless’ – and it's created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns

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AI is effectively ‘useless’ – and it's created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns - The Star

Quick Summary:

Promises of new developments like personal robot assistants and miracle cancer cures are ubiquitous as executives take every opportunity to emphasise their AI chops to enthusiastic investors – and slightly less enthusiastic consumers.

Not everyone has been blown away by the AI fanfare, however.

The trouble is that that value is to be found in good old fashioned ways, trawling through small caps and looking for businesses that are growing in a good old fashioned, steady way,” he said.– Fortune.