Artificial intelligence is akin to crypto in 2021 as the sector is facing investor hype, says founder of tech investment firm
Artificial intelligence is being fueled by a wave of investor hype, according to Bedrock founder Geoff Lewis. , he said that investor excitement surrounding AI reminded him of a similar bull run that helped push cryptocurrencies to record highs two years ago.
He added that some of the longer-lasting qualities of AI after the end of the hype include"downstream AI infrastructure that enables big tech incumbent to integrate AI into their products." Meanwhile, Lewis posited that the biggest winners in the AI race will be limited in scope to the biggest players like Microsoft and Google-parent Alphabet.
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