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Thursday, August 8, 2024
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    HomeFinanceAI and the dot-com bubble have some similarities, however differ the place...

    AI and the dot-com bubble have some similarities, however differ the place it issues

    Synthetic intelligence (AI) has grown tremendously lately, rising into widespread tradition and trade, drawing comparisons to the now notorious dot-com bubble and crash of the Nineties.

    Within the late Nineties till the start of the 2000son-line firms obtained a variety of hype and funding, with the sector’s worth peaking at $2.95 trillion earlier than falling to $1.195 trillion as capital dried up and buyers left in droves, inflicting many firms within the trade to fail.

    The AI ​​market cap has been rising steadily since 2021 and is projected to achieve it could possibly be as excessive as $1.8 trillion. Supply: Statista
    Preliminary information on ChatGPT visitors utilizing Bing, Character.ai and Bard. Supply: Likeweb (NYSE:)
    The cryptocurrency market cap reached all-time highs in 2021 earlier than coming again all the way down to earth. Supply: CoinGecko

    Proceed studying Coin Telegraph.

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