The deflating AI bubble is inevitable — and healthy
CIO
SEPTEMBER 9, 2024
The hype and excitement surrounding AI was bound to come back to earth at some point, and this summer was that moment. Those of us old enough to remember saw something similar during the dotcom boom and bust of the late 90s and early 2000s, as well as more recently with crypto. After rising nearly 200% in the first six months of the year, AI darling Nvidia saw its share price fall 20% during July and August, which tracks with Gartner putting gen AI in the “Trough of Despondency” in its latest Hy
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