Irrational Exuberance and the AI Mania: Are We Living Through a Bubble?
Irrational exuberance - a phrase coined by former Federal Reserve Chair Alan Greenspan in 1996 and revisited today through the lens of the AI revolution. Greenspan’s words warned of a human tendency - collective overconfidence - when belief outpaces evidence. It describes markets, but really, it describes us. Fast-forward nearly three decades, and you will hear the same energy around artificial intelligence: limitless potential, intense speculation, and a sense that this is the future.
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