Tag Archives: financial crises

The AI bubble isn’t new — Karl Marx explained the mechanisms behind it nearly 150 years ago

The AI bubble isn’t new — Karl Marx explained the mechanisms behind it nearly 150 years ago

When OpenAI’s Sam Altman told reporters in San Francisco earlier this year that the AI sector is in a bubble, the American tech market reacted almost instantly. Combined with the fact that 95 per cent of AI pilot projects fail, traders treated his remark as a broader warning. Although Altman was referring specifically to private startups rather than publicly […] … learn more→