Bursting the bubble

In fact, the jury is still out on whether we have actually turned the corner, despite recent promising signs of growth. However, there’s one area of the economy that had been booming during the last few sluggish quarters – and that’s AI. Following a post-pandemic slump, the value of tech stocks on the US Nasdaq has doubled over the last two years. You may well have read about the generative AI 2.0 revolution in articles in Eurobuild and elsewhere, how we have gone from the rule-based AI 1.0, which had been around for decades, through the development of machine- and deep-learning, to the latest tools with self-learning algorithms that even write their own code. And it was the launch of one of these, ChatGPT, that triggered the recent stock market boom in shares for microprocessor manufacturers and other companies working in the AI field. So, what could possibly go wrong? Well, the doomsayers had been predicting for several months that it could be about to burst; but wh