In many ways, the current situation seems similar to the period around 2000 to me. The enthusiasm surrounding AI is enormous, the valuations of technology companies have risen significantly, and huge amounts of money are being poured into AI infrastructure. Of course, AI itself is a real technology and is already being used in many areas. But does the real economic value of AI actually justify these enormous investments? The ECB has also recently warned that valuations in the US stock market are
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