The AI buzz that started two years ago seems to be losing momentum according to expert opinions.
All these years, the hype sustained because companies invested heavily in AI and the stock market saw a major upsurge in the AI domain.
Many companies did not even produce real products, yet their stocks rose simply because they announced AI investments. Many of such announcements are mere gossips but still stock market sustained on that.
Coming to genuine announcements, to make these investments, several companies even resorted to layoffs to divert funds toward AI.
Now the buzz is fading as some companies are collapsing and many are losing their investments in the process.
The overall hype existed because the world believed every aspect of life would soon be ruled by AI. But that is not happening as of now.
Whatever AI tools have emerged are useful, but they have not erased the need for the human workforce completely.
Startups attempting full replacement could not succeed beyond a point, showing that the present generation of AI has clear limitations.
Whether it will take a generational shift to reach the next level or whether this is the final stage of AI remains to be seen.
For now, AI threats seem to be receding as the buzz continues to fade with massive stock market losses. Many believe the AI bubble will burst soon.
Only those who have huge investments in AI, like Elon Musk or others who made big statements about it, kept insisting on its limitless potential.
It is true that no one knows the final extent of AI’s capabilities, so many waited and watched while making bold claims. But now things are becoming clearer.
AI has limitations and indicating that it cannot replace the human workforce. It can only aid people like any other technology.