'There's an AI bubble' - but what happens when it bursts?

In this episode of The Story, host Luke Jones interviews Danny Fortson, the West Coast correspondent for The Sunday Times, about the possibility of an AI bubble. Fortson draws parallels between the current AI frenzy and the dot-com boom, highlighting the excessive amounts of money being invested in AI companies with unclear paths to profitability. They discuss the exorbitant salaries being offered to AI developers, the high valuations of AI companies with no products, and the potential impact of an AI bubble burst on the stock market and individual pensions. While acknowledging the potential of AI to revolutionize various aspects of life, Fortson cautions against the collective madness and inflated expectations surrounding the technology, emphasizing the importance of considering the pace of change and the potential for creative destruction along the way.