US tech stocks plunged this week amid growing doubts over the AI boom's sustainability, with Nvidia dropping 3.5% and dragging down the Nasdaq. Warnings from Sam Altman and MIT researchers highlighted overhyped expectations, echoing dot-com bubble fears. Despite optimism for 2025 growth, investors are reassessing AI's real-world impact.
OpenAI CEO Sam Altman warns the AI industry is in a bubble akin to the dot-com crash, predicting massive investor losses amid overhyped expectations. Paradoxically, OpenAI seeks a $500 billion valuation through a $6 billion stock sale. Despite risks, Altman remains optimistic about AI's transformative potential.
|
