Artificial Intelligence Bubble

An opinion from a sleazy but credible market participant. Shkreli draws parallels between the dotcom bubble of the late 1990s and the current hype surrounding artificial intelligence (AI). He believes that the potential valuations of AI companies may lead to a bubble, but the long-term value may come from companies that emerge after the bubble bursts. Shkreli uses the example of the internet and its eventual innovations like cloud computing and social media as a comparison. He also mentions his personal experience with AI while in jail and expresses excitement about its potential. However, Shkreli notes that both AI and cryptocurrency lack immediate utility and use cases for corporations, making it difficult for them to adopt widely. He emphasizes that the adoption of these technologies is a choice rather than a necessity, despite the increasing fear of missing out in various industries.