The World Economic Forum adds to the AI bubble crusade: “The head of the World Economic Forum (WEF), Børge Brende, has warned that the world could be heading toward three major financial bubbles — in cryptocurrency, artificial intelligence (AI), and debt — as markets experience sharp declines in global technology stocks after months of record highs.”
People talk of AI bubble, but the fact is this: humans are just starting with AI. Part of AI destination is to create replaceable human organs that can possibly unleash “immortatility”, and AI is a forerunner to that future. If AI can help us to understand human anatomy, physiology, etc better, we can recreate human organs and extend lives. So, yes, we can have economic bubble, but we’re still at infancy when it comes to knowledge. In other words, AI is just starting and provided that is the case, the world will be fine.
In IEEE Potential Magazine, I wrote “Imagine a world where those with ear problems could buy electronic cochleas and those with eye problems, electronic retinas on Amazon and eBay. Imagine a world where all problematic human organs can be electronically replaceable to push humans toward the grail of immortality. All this might not be just imagination years from now if neuromorphic circuits continue to advance.”
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Good People, AI will play a huge role in understanding the “circuits” of life and once that is done, man and woman will live longer. So, economic bubble or no bubble, this party will be long, and those who risk the bubble are those that will rule tomorrow! Do not allow them to convince you in the way they told you that Bitcoin is worthless only to be investing $billions in it now!
And the most important part: all technology paradigms have economic bubbles. Decades ago, there were close to 60 car brands in Detroit but only 3 or so survived. So, do not see this bubble thing as new. What should be new to you is how to play safe because there will be economic bubbles even as there will be HUGE winners! That is a constant in all new disruptive technologies.
So, use AI, build AI or invest in AI. Do not withdraw because of the bubble fear since bubbles are naturally expected.
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