AI could look like a bubble. But what about block shares?

Artificial intelligence (AI) has rapidly changed industries worldwide.

Large language models (LLMs) like ChatGPT and Google AI are trained to understand and generate text, code, and other content as a human would, and companies have adopted the technology to improve productivity and efficiency.

But its rapid adoption has also raised concerns that AI could actually disrupt software companies by reducing the need for traditional platforms.

At the same time, major advances in technology and a huge surge in investor enthusiasm caused valuations to skyrocket, out of step with actual business fundamentals.

And this led to concerns about whether AI has entered bubble territory.

After all, many Australian AI companies are still in the early stages of development. This means their share price is based on future potential and not current earnings.

Additionally, Australia’s tech sector is smaller than the US, meaning there is less investor interest focused on a handful of AI…