Top tech analyst Dan Ives says the A.I. ‘gold rush’ is just like the dotcom boom but it’s a ‘1995 moment … not 1999’
Ever since the release of OpenAI’s new chatbot ChatGPT in November, investors have been enamored with A.I. and its potential to revolutionize the world’s economy. Hopes for a future with increased productivity and lower costs as A.I. tools are rolled out to the masses have helped to lift markets in 2023 despite stubborn inflation, rising interest rates, and consistent recession predictions from economists. After dropping more than 30% in 2022, the tech-heavy Nasdaq Composite has recovered nearly all of its losses, gaining over 28% year to date, and the S&P 500 is now up more than 12%.
Ever since the release of OpenAI’s new chatbot ChatGPT in November, investors have been enamored with A.I. and its potential to revolutionize the …
