Within the final two years, synthetic intelligence (AI) has attracted extra funding curiosity than some other theme. To me, the true begin of the AI frenzy was November 30, 2022. That is the day OpenAI launched ChatGPT to the world.
Since then, the S 500 index (SNPINDEX: ^GSPC) has gained 49% whereas the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) has surged by 75% (as of market shut on Dec. 11).
Throughout instances like these, it’s simple for buyers to fall into the entice of bubble psychology, believing that the market will proceed to go up in perpetuity. A associated matter for this phenomenon is named the Greater Fool Theory — an concept that explores the notion of buyers paying a premium for property as a result of they assume costs will proceed appreciating, inflicting another person (the higher idiot) to pay much more.
Supply Fool.com