The AI Frenzy Resembling the Dotcom Bubble
The rapid rise in technology company valuations related to artificial intelligence is fueling concerns of a potential repeat of the dotcom bubble. OpenAI's valuation tripled in under a year, reaching $80 billion, while Nvidia became the first trillion-dollar chip manufacturer, largely due to its AI chip dominance.
Palantir's Peter Thiel worries about Nvidia's monopolistic hold on AI profits, drawing parallels to the dotcom bubble era. Venture capital funding hit a 2-year high at $55.6 billion in Q2, driven by significant investments in AI firms like xAI and CoreWeave, showcasing investors' enthusiasm for AI technologies.
Analysts have reset Nvidia's stock target after its trillion-dollar market gain, with a positive outlook fueled by the launch of the new Blackwell AI processors, securing a substantial market share.
Related news on that topic:
The press radar on this topic:
The AI frenzy reminiscent of the dotcom bubble
Investors Pour $27.1 Billion Into A.I. Start-Ups, Defying a Downturn
Palantir's Peter Thiel expresses concern over dominance of Nvidia in AI profits
Welcome!
![InfoBud.ai](https://ik.imagekit.io/enm51urx3/static/infobud-world-news-300.jpg)
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand