Federal reserve chair jerome powell said on wednesday that the current ai boom is different from the dotcom bubble Powell said that unlike the businesses of the internet boom, ai. The internet boom attracted engineers with a background in networking and web development Today’s ai race draws experts in machine learning, neuroscience, and data ethics, creating a more interdisciplinary talent pool that is harder to replicate The late‑1990s saw minimal government oversight, allowing bubbles to inflate unchecked Analysts who argue that the ai boom resembles the dotcom bubble point to the same ingredients that fueled pets.com and webvan
Hype, inflated valuations, speculative investments and uncertain returns. The logic remains the same Only the story has changed
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