AI-related companies lost $190B in stock market value

When, over what period? This thing doesn't say, and isn't even dated itself even if it would say 'on opening this morning' or something.

It certainly feels like AI is a new tech bubble. Lots of AI services just seem to be thin wrappers over OpenAI’s offerings.

Google missed, their stock tanked. Meanwhile MS is up 2% today and AMD is only down 0.3%.

Overall, although there is certainly AI hype, this article is rather meaningless.

The subtitle of the article is &quot;HAVE WE ALREADY HIT PEAK AI?&quot;<p>(I keep the caps because they had it.)<p>If we&#x27;re talking about the peak of inflated expectations before we get to the Trough of Disillusionment, I think we might be close. I think the article over-indexes on a small set of data points but at the same time, I also don&#x27;t hear the conflation of LLM and AGI nearly as much in the last month.

“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done”<p>― John Maynard Keynes

MSFT up 60% in 1Y.

&quot;Microsoft and Alphabet stocks have hit record highs following a year of AI hype. &quot;<p>I believe what we are seeing here is simply that investors notice that Microsoft and Google are in such a powerful negotiation position that any value possibly generated by AI in the future will likely be captured by Msft&#x2F;Goog and not by the actual AI startup inventing the tech.<p>I mean good luck rolling out any kind of enterprise &#x2F; desktop app without Microsoft&#x27;s blessing.<p>And is it even possible to build a useful AI assistant without access to the user&#x27;s data, held hostage within Office 365 or Google Worksuite? You&#x27;ll already be fully dependent on API access controlled by those monopolists on your launch day. And why wouldn&#x27;t they charge you something like 90% of your revenue in access fees?

when AI winter came, how they gonna repurpose these dedicated hardwares?