Large investors don’t believe in all the AI ​​hype, but they are paying attention to the infrastructure

Humanoid robot kickboxers may disagree, but Bill Gates, the Bank of England and the IMF all say we are in the middle of an AI bubble. To add to the impending sense of doom, a report from the Massachusetts Institute of Technology (MIT) estimates that 95% of corporate investments in generative AI have failed.

For Bill Gates, it’s not as bad a bubble as the 17th^Th He believes the 19th-century Dutch tulip mania, which saw investors in – you guessed it – tulips, was wiped out by the first recorded speculative bubble in modern financial history, but it could be just as bad as the late dot-com crash of the 2000s.

The Bank of England’s Financial Policy Committee politely warns: “In many respects, stock market valuations appear to be stretched, particularly for technology companies focused on artificial intelligence. This, combined with increasing concentration within market indices, means that stock markets are particularly at risk when expectations around…