There's the macroeconomic and the narrower view. The narrower view in the context of artificial neural networks ("AI" is more of a bubble term. Even artificia

There's the macroeconomic and the narrower view. The narrower view in the context of artificial neural networks ("AI" is more of a bubble term. Even artificial neural networks might be a bit of a bubble term, as if we have completely recreated the human nervous system in the computer). Have they made advances in recent years, will they have profitable products with some development? Probably. They're a new technology which will almost certainly be profitable, just like the technologies in 1994 that made the current Internet profitable. It is of a certain size though. Then there's the macroeconomic view. There is a lot of capital sloshing around looking for a decent return. The common sense thing in a sense would be to slowly finance "AI" and as it develops, put more and more money in. But there's few decent things to get a good return on, "AI" is obviously one of them, so a ton of money rushes in. More money than is needed at the moment, and ahead of schedule as more things are needed in the development of all of this (including more powerful Nvidia cards and Nvidia networks, more robust frameworks for Pytorch and such, more Phd's who know what neural network is needed for a problem and data engineers to move data around). Fed Chairman Greenspan talked about "irrational exuberance" in 1996, and yet the dot-com bull run (if Netscape's IPO was the sign of it really starting) had barely even started yet, and ran on until early 2000. It's true if people are handing money out left and right, carnies will show up to pull in that money. This really doesn't have much to do with the people who were developing the technology of the Internet or "AI" now. There's a ton of capital sloshing around looking for good returns, it's obvious "AI" will be a future source of profitable returns, so money comes pouring in, even if it is disruptive to a point. It's not just the carnies pulling in money, it's the situation of a massive amount of capital desperately looking for better returns then it has been getting.