The Guardian view on a tech bubble going pop: AI pays the price for inflated expectations | Editorial

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The Guardian view on a tech bubble going pop: AI pays the price for inflated expectations | Editorial - The Guardian

Quick Summary:

The question has been on the lips of many this week as they have watched the stock market slide, with billions wiped off the value of technology companies that had boomed since the arrival of large language models.

It was the economist Hyman Minsky who thought Wall Street encouraged too much risk and gulled investors into parting with cash for all the wrong reasons.

Investors may have got too excited about something they don’t fully understand – and are now paying the priceHas the artificial intelligence bubble burst?