www.aitoday.io Open in urlscan Pro
50.56.167.254  Public Scan

Submitted URL: https://links.ismgcorp.com/MDUxLVpYSS0yMzcAAAGVvJkx_UtVDJlyf5nFi8VsyiNNgbW0ZLGg76TDdkXwvXZcbM26BzoXoTNdQIgBO3S39_-MKBA=
Effective URL: https://www.aitoday.io/beware-great-ai-bubble-popping-a-26314?rf=2024-09-23_ENEWS_ACQ_.64_AIToday__Slot1_ART26314&mkt_t...
Submission: On September 30 via api from IN — Scanned from DE

Form analysis 13 forms found in the DOM

Name: browser_notifications

<form name="browser_notifications" id="bnotifications_form">
  <input type="hidden" name="form_token" value="4254d482ce5fcec222516171b443fc954a8de0fefa0f49eb3dc0d9e4260a0aee">
</form>

/search.php

<form action="/search.php">
  <input type="hidden" name="form_token" value="4254d482ce5fcec222516171b443fc954a8de0fefa0f49eb3dc0d9e4260a0aee">
  <input type="search" name="keywords" placeholder="Search">
  <input type="hidden" name="reset" value="1">
  <div id="search-icon-over-input">
    <i class="fa fa-search"></i>
  </div>
</form>

/search.php

<form action="/search.php">
  <input type="hidden" name="form_token" value="4254d482ce5fcec222516171b443fc954a8de0fefa0f49eb3dc0d9e4260a0aee">
  <input type="search" name="keywords" placeholder="Search">
  <input type="hidden" name="reset" value="1">
</form>

Name: newsletter-pop-under-formPOST

<form action="" method="post" id="newsletter-pop-under-form" name="newsletter-pop-under-form" role="form" novalidate="novalidate">
  <input type="hidden" name="form_token" value="4254d482ce5fcec222516171b443fc954a8de0fefa0f49eb3dc0d9e4260a0aee">
  <input type="hidden" name="source" value="register_daily_newsletter">
  <div class="form-group-lg input-group">
    <label for="newsletter_email" class="sr-only">Email address</label>
    <input class="form-control input-lg input-mobile-xsmall" type="email" id="registration-txt-email" name="email" placeholder="Email address">
    <span class="input-group-btn">
      <button type="button" id="newsletter_submit_btn1" class="btn btn-primary btn-lg input-mobile-xsmall" onclick="$('#newsletter-pop-under').toggle('blind', {}, 1000);">Submit</button>
    </span>
  </div>
  <p class="top10">By submitting this form you agree to our <a href="/tos" target="_blank">Privacy &amp; GDPR Statement</a></p>
  <div id="newsletter-pop-under" style="display: none;">
    <div class="form-group col-sm-12 txt-col">
      <h6>Please fill out the following fields:</h6>
      <input type="text" class="form-control form-text tb-company" id="registration-txt-company" name="inst_name" placeholder="Company" title="Company">
    </div>
    <div class="form-group ">
      <div class="col-sm-6 txt-col">
        <input type="text" class="form-control form-text tb-phone" id="registration-text-phone" name="phone" placeholder="Phone" title="Phone">
      </div>
      <div class="col-sm-6 select-col">
        <select class="form-control form-select select-country" id="registration-select-country" name="country">
          <option value="">Country</option>
          <option value="US">United States</option>
          <option value="CA">Canada</option>
          <option value="IN">India</option>
          <option value="AF">Afghanistan</option>
          <option value="AL">Albania</option>
          <option value="DZ">Algeria</option>
          <option value="AS">American Samoa</option>
          <option value="AD">Andorra</option>
          <option value="AO">Angola</option>
          <option value="AI">Anguilla</option>
          <option value="AG">Antigua &amp; Barbuda</option>
          <option value="AR">Argentina</option>
          <option value="AM">Armenia</option>
          <option value="AW">Aruba</option>
          <option value="AU">Australia</option>
          <option value="AT">Austria</option>
          <option value="AZ">Azerbaijan</option>
          <option value="BS">Bahamas</option>
          <option value="BH">Bahrain</option>
          <option value="BD">Bangladesh</option>
          <option value="BB">Barbados</option>
          <option value="BY">Belarus</option>
          <option value="BE">Belgium</option>
          <option value="BZ">Belize</option>
          <option value="BJ">Benin</option>
          <option value="BM">Bermuda</option>
          <option value="BT">Bhutan</option>
          <option value="BO">Bolivia</option>
          <option value="BA">Bosnia &amp; Herzegovina</option>
          <option value="BW">Botswana</option>
          <option value="BR">Brazil</option>
          <option value="VG">British Virgin Islands</option>
          <option value="BN">Brunei</option>
          <option value="BG">Bulgaria</option>
          <option value="BF">Burkina Faso</option>
          <option value="BI">Burundi</option>
          <option value="KH">Cambodia</option>
          <option value="CM">Cameroon</option>
          <option value="CV">Cape Verde</option>
          <option value="KY">Cayman Islands</option>
          <option value="CF">Central African Republic</option>
          <option value="TD">Chad</option>
          <option value="CL">Chile</option>
          <option value="CN">China</option>
          <option value="CO">Colombia</option>
          <option value="KM">Comoros</option>
          <option value="CK">Cook Islands</option>
          <option value="CR">Costa Rica</option>
          <option value="CI">Côte d’Ivoire</option>
          <option value="HR">Croatia</option>
          <option value="CU">Cuba</option>
          <option value="CY">Cyprus</option>
          <option value="CZ">Czechia</option>
          <option value="CG">Democratic Republic of the Congo</option>
          <option value="DK">Denmark</option>
          <option value="DJ">Djibouti</option>
          <option value="DM">Dominica</option>
          <option value="DO">Dominican Republic</option>
          <option value="EC">Ecuador</option>
          <option value="EG">Egypt</option>
          <option value="SV">El Salvador</option>
          <option value="GQ">Equatorial Guinea</option>
          <option value="ER">Eritrea</option>
          <option value="EE">Estonia</option>
          <option value="SZ">Eswatini</option>
          <option value="ET">Ethiopia</option>
          <option value="FO">Faroe Islands</option>
          <option value="FJ">Fiji</option>
          <option value="FI">Finland</option>
          <option value="FR">France</option>
          <option value="GF">French Guiana</option>
          <option value="PF">French Polynesia</option>
          <option value="GA">Gabon</option>
          <option value="GM">Gambia</option>
          <option value="GE">Georgia</option>
          <option value="DE">Germany</option>
          <option value="GH">Ghana</option>
          <option value="GI">Gibraltar</option>
          <option value="GR">Greece</option>
          <option value="GL">Greenland</option>
          <option value="GD">Grenada</option>
          <option value="GP">Guadeloupe</option>
          <option value="GU">Guam</option>
          <option value="GT">Guatemala</option>
          <option value="GN">Guinea</option>
          <option value="GW">Guinea-Bissau</option>
          <option value="GY">Guyana</option>
          <option value="HT">Haiti</option>
          <option value="HN">Honduras</option>
          <option value="HK">Hong Kong</option>
          <option value="HU">Hungary</option>
          <option value="IS">Iceland</option>
          <option value="ID">Indonesia</option>
          <option value="IR">Iran</option>
          <option value="IQ">Iraq</option>
          <option value="IE">Ireland</option>
          <option value="IL">Israel</option>
          <option value="IT">Italy</option>
          <option value="JM">Jamaica</option>
          <option value="JP">Japan</option>
          <option value="JO">Jordan</option>
          <option value="KZ">Kazakhstan</option>
          <option value="KE">Kenya</option>
          <option value="KI">Kiribati</option>
          <option value="XK">Kosovo</option>
          <option value="KW">Kuwait</option>
          <option value="KG">Kyrgyzstan</option>
          <option value="LA">Laos</option>
          <option value="LV">Latvia</option>
          <option value="LB">Lebanon</option>
          <option value="LS">Lesotho</option>
          <option value="LR">Liberia</option>
          <option value="LY">Libya</option>
          <option value="LI">Liechtenstein</option>
          <option value="LT">Lithuania</option>
          <option value="LU">Luxembourg</option>
          <option value="MO">Macao</option>
          <option value="MG">Madagascar</option>
          <option value="MW">Malawi</option>
          <option value="MY">Malaysia</option>
          <option value="MV">Maldives</option>
          <option value="ML">Mali</option>
          <option value="MT">Malta</option>
          <option value="MH">Marshall Islands</option>
          <option value="MQ">Martinique</option>
          <option value="MR">Mauritania</option>
          <option value="MU">Mauritius</option>
          <option value="YT">Mayotte</option>
          <option value="MX">Mexico</option>
          <option value="FM">Micronesia</option>
          <option value="MD">Moldova</option>
          <option value="MC">Monaco</option>
          <option value="MN">Mongolia</option>
          <option value="MS">Montserrat</option>
          <option value="MA">Morocco</option>
          <option value="MZ">Mozambique</option>
          <option value="MM">Myanmar (Burma)</option>
          <option value="NA">Namibia</option>
          <option value="NR">Nauru</option>
          <option value="NP">Nepal</option>
          <option value="NL">Netherlands</option>
          <option value="NC">New Caledonia</option>
          <option value="NZ">New Zealand</option>
          <option value="NI">Nicaragua</option>
          <option value="NE">Niger</option>
          <option value="NG">Nigeria</option>
          <option value="NU">Niue</option>
          <option value="MK">North Macedonia</option>
          <option value="MP">Northern Mariana Islands</option>
          <option value="NO">Norway</option>
          <option value="OM">Oman</option>
          <option value="PK">Pakistan</option>
          <option value="PW">Palau</option>
          <option value="PA">Panama</option>
          <option value="PG">Papua New Guinea</option>
          <option value="PY">Paraguay</option>
          <option value="PE">Peru</option>
          <option value="PH">Philippines</option>
          <option value="PL">Poland</option>
          <option value="PT">Portugal</option>
          <option value="PR">Puerto Rico</option>
          <option value="QA">Qatar</option>
          <option value="RO">Romania</option>
          <option value="RU">Russia</option>
          <option value="RW">Rwanda</option>
          <option value="WS">Samoa</option>
          <option value="SM">San Marino</option>
          <option value="ST">São Tomé &amp; Príncipe</option>
          <option value="SA">Saudi Arabia</option>
          <option value="SN">Senegal</option>
          <option value="RS">Serbia</option>
          <option value="SC">Seychelles</option>
          <option value="SL">Sierra Leone</option>
          <option value="SG">Singapore</option>
          <option value="SK">Slovakia</option>
          <option value="SI">Slovenia</option>
          <option value="SB">Solomon Islands</option>
          <option value="SO">Somalia</option>
          <option value="ZA">South Africa</option>
          <option value="KR">South Korea</option>
          <option value="ES">Spain</option>
          <option value="LK">Sri Lanka</option>
          <option value="KN">St. Kitts &amp; Nevis</option>
          <option value="LC">St. Lucia</option>
          <option value="VC">St. Vincent &amp; Grenadines</option>
          <option value="SD">Sudan</option>
          <option value="SR">Suriname</option>
          <option value="SJ">Svalbard &amp; Jan Mayen</option>
          <option value="SE">Sweden</option>
          <option value="CH">Switzerland</option>
          <option value="SY">Syria</option>
          <option value="TW">Taiwan</option>
          <option value="TJ">Tajikistan</option>
          <option value="TZ">Tanzania</option>
          <option value="TH">Thailand</option>
          <option value="TP">Timor-Leste</option>
          <option value="TG">Togo</option>
          <option value="TO">Tonga</option>
          <option value="TT">Trinidad &amp; Tobago</option>
          <option value="TN">Tunisia</option>
          <option value="TR">Turkey</option>
          <option value="TM">Turkmenistan</option>
          <option value="TC">Turks &amp; Caicos Islands</option>
          <option value="TV">Tuvalu</option>
          <option value="VI">U.S. Virgin Islands</option>
          <option value="UG">Uganda</option>
          <option value="UA">Ukraine</option>
          <option value="AE">United Arab Emirates</option>
          <option value="GB">United Kingdom</option>
          <option value="UY">Uruguay</option>
          <option value="UZ">Uzbekistan</option>
          <option value="VU">Vanuatu</option>
          <option value="VA">Vatican</option>
          <option value="VE">Venezuela</option>
          <option value="VN">Vietnam</option>
          <option value="EH">Western Sahara</option>
          <option value="YE">Yemen</option>
          <option value="ZM">Zambia</option>
          <option value="ZW">Zimbabwe</option>
        </select>
      </div>
    </div>
    <div class="form-group col-sm-12 select-col top15">
      <select class="form-control form-select select-title-level " id="registration-select-title-level" name="title_level" placeholder="Title" title="Title Level">
        <option value="">Title Level</option>
        <option value="55">Analytics/Architecture/Engineering</option>
        <option value="47">Attorney / General Counsel / Counsel</option>
        <option value="25">AVP</option>
        <option value="50">Board of Director</option>
        <option value="58">C - level</option>
        <option value="22">C Level - Other</option>
        <option value="19">CCO</option>
        <option value="15">CEO / President</option>
        <option value="16">CFO</option>
        <option value="49">Chairperson</option>
        <option value="21">CIO</option>
        <option value="18">CISO / CSO</option>
        <option value="57">CISO/CSO/CIO</option>
        <option value="17">COO</option>
        <option value="20">CRO</option>
        <option value="34">CTO</option>
        <option value="26">Director</option>
        <option value="23">EVP / SVP / FVP</option>
        <option value="53">Head</option>
        <option value="54">Healthcare Professional</option>
        <option value="60">Manager</option>
        <option value="27">Manager / Supervisor</option>
        <option value="36">Partner</option>
        <option value="56">Specialist/Other</option>
        <option value="59">Staff</option>
        <option value="24">VP</option>
        <option>--Other Title Level--</option>
      </select>
    </div>
    <div class="form-group col-sm-12 select-col" id="newsletter-pop-under-txt-other-title-level-col">
      <input type="text" class="form-control form-text tb-other-title-level" style="display: none;" id="newsletter-pop-under-txt-other-title-level" name="title_other" placeholder="Other Title Level" title="Other Title Level">
    </div>
    <div class="form-group col-sm-12 select-col">
      <select class="form-control form-select select-job-function" id="registration-select-job-function" name="job_function" placeholder="Job Function" title="Job Function">
        <option value="">Job Function</option>
        <option value="48">Anti-Money Laundering (AML)</option>
        <option value="21">Audit</option>
        <option value="71">BSA</option>
        <option value="52">Business Continuity/Disaster Recovery</option>
        <option value="45">Business Development</option>
        <option value="27">Cashier / Customer Service / Administrative</option>
        <option value="19">Clinical Healthcare Professional</option>
        <option value="74">Cloud - IT</option>
        <option value="73">Cloud - Security</option>
        <option value="70">Compliance</option>
        <option value="23">Compliance / BSA</option>
        <option value="39">Data Management</option>
        <option value="42">Debit/Credit Card/Electronic Banking</option>
        <option value="24">eCommerce / eBusiness</option>
        <option value="11">Executive Management</option>
        <option value="14">Finance / Accounting</option>
        <option value="12">Founder / Owner</option>
        <option value="20">Fraud</option>
        <option value="18">HR / Training</option>
        <option value="33">Information Security</option>
        <option value="16">Information Technology</option>
        <option value="26">Legal</option>
        <option value="37">Lending</option>
        <option value="41">Loss Prevention</option>
        <option value="15">Marketing</option>
        <option value="35">Network / Systems / Web</option>
        <option value="75">Operational Technology</option>
        <option value="13">Operations</option>
        <option value="69">Others</option>
        <option value="54">Policies / Procedures</option>
        <option value="43">Product Management</option>
        <option value="47">Project</option>
        <option value="65">Regulatory Affairs</option>
        <option value="22">Risk Management</option>
        <option value="25">Sales</option>
        <option value="17">Security / Privacy</option>
        <option value="57">Vendor Management</option>
        <option>--Other Job Function--</option>
      </select>
    </div>
    <div class="form-group col-md-12 select-col" id="newsletter-pop-under-txt-other-job-function-col">
      <input type="text" class="form-control form-text tb-other-job-function" style="display: none;" id="newsletter-pop-under-txt-other-job-function" name="job_other" placeholder="Other Job Function" title="Other Job Function">
    </div>
    <div class="col-md-12" id="newsletter-pop-under-subscription-preferences">
      <h6>Subscription Preferences:</h6>
    </div>
    <div class="form-group row">
      <div class="col-md-4 chk-col">
        <div class="col-xs-4 col-sm-2 col-md-3">
          <label class="checkbox-inline" for="pop_AIToday_enews1">
            <input type="checkbox" class="enews_option" name="AIToday_enews" id="pop_AIToday_enews1" checked="">
          </label>
        </div>
      </div>
      <div class="col-md-8 chk-col">
        <div class="col-xs-7 col-sm-2 col-xs-offset-1 col-md-3">
          <label class="checkbox-inline text-nowrap" for="pop_IR_enews1">
            <input type="checkbox" class="enews_option" name="IR_enews" id="pop_IR_enews1" checked="">InfoRiskToday</label>
        </div>
      </div>
    </div>
    <div class="form-group row newletter-pop-under-prefs">
      <div class="col-md-4 chk-col">
        <div class="col-xs-4 col-sm-2 col-md-3 chk-col-lv2">
          <label class="checkbox-inline text-nowrap" for="pop_DBT_enews1">
            <input type="checkbox" class="enews_option" name="DBT_enews" id="pop_DBT_enews1" checked="">DataBreachToday</label>
        </div>
      </div>
      <div class="col-md-8 chk-col">
        <div class="col-xs-7 col-sm-2 col-xs-offset-1  col-md-3  chk-col-lv2">
          <label class="checkbox-inline text-nowrap" for="pop_CAIS_enews1">
            <input type="checkbox" class="enews_option" name="CAIS_enews" id="pop_CAIS_enews1" checked="">CareersInfoSecurity</label>
        </div>
      </div>
    </div>
    <div class="text-center">
      <button type="submit" class="btn btn-primary" id="newsletter_submit_btn2">Subscribe</button>
    </div>
  </div>
</form>

<form action="" class="">
  <input type="hidden" name="form_token" value="4254d482ce5fcec222516171b443fc954a8de0fefa0f49eb3dc0d9e4260a0aee">
  <h4 class="title" style="padding-left: 0;">Newsletter</h4>
  <div class="form-group  input-group">
    <label for="email_footer" class="sr-only">Email address</label>
    <input type="email" id="email_footer" class="form-control" placeholder="Email">
    <span class="input-group-btn">
      <button class="btn btn-primary pull-right" type="button" onclick="$('#newsletter-register-modal-txt-email').val($('#email_footer').val());$('#modalNewsletterRegister').modal('show');">Sign up</button>
    </span>
  </div>
  <small>By submitting this form you agree to our <a href="/tos" target="_blank">Privacy &amp; GDPR Statement</a></small>
</form>

<form id="newsletter-register-modal-form" role="form" novalidate="novalidate">
  <input type="hidden" name="form_token" value="4254d482ce5fcec222516171b443fc954a8de0fefa0f49eb3dc0d9e4260a0aee">
  <input type="hidden" name="source" value="register_newsletter">
  <div class="form-group col-md-12 text-col">
    <h6>Please fill out the following fields<br> (All fields required):</h6>
    <input type="email" class="form-control form-text tb-email" id="newsletter-register-modal-txt-email" name="email" placeholder="Email" title="Email">
  </div>
  <div class="form-group col-md-12 txt-col">
    <input type="text" class="form-control form-text tb-company" id="newsletter-register-modal-txt-company" name="inst_name" placeholder="Company" title="Company">
  </div>
  <div class="form-group ">
    <div class="col-md-6 txt-col ">
      <input type="text" class="form-control form-text tb-phone" id="newsletter-register-modal-txt-phone" name="phone" placeholder="Phone" title="Phone">
    </div>
  </div>
  <div class="form-group ">
    <div class="col-md-6 select-col ">
      <select class="form-control form-select select-country" id="newsletter-register-modal-select-country" name="country">
        <option value="">Country</option>
        <option value="US">United States</option>
        <option value="CA">Canada</option>
        <option value="IN">India</option>
        <option value="AF">Afghanistan</option>
        <option value="AL">Albania</option>
        <option value="DZ">Algeria</option>
        <option value="AS">American Samoa</option>
        <option value="AD">Andorra</option>
        <option value="AO">Angola</option>
        <option value="AI">Anguilla</option>
        <option value="AG">Antigua &amp; Barbuda</option>
        <option value="AR">Argentina</option>
        <option value="AM">Armenia</option>
        <option value="AW">Aruba</option>
        <option value="AU">Australia</option>
        <option value="AT">Austria</option>
        <option value="AZ">Azerbaijan</option>
        <option value="BS">Bahamas</option>
        <option value="BH">Bahrain</option>
        <option value="BD">Bangladesh</option>
        <option value="BB">Barbados</option>
        <option value="BY">Belarus</option>
        <option value="BE">Belgium</option>
        <option value="BZ">Belize</option>
        <option value="BJ">Benin</option>
        <option value="BM">Bermuda</option>
        <option value="BT">Bhutan</option>
        <option value="BO">Bolivia</option>
        <option value="BA">Bosnia &amp; Herzegovina</option>
        <option value="BW">Botswana</option>
        <option value="BR">Brazil</option>
        <option value="VG">British Virgin Islands</option>
        <option value="BN">Brunei</option>
        <option value="BG">Bulgaria</option>
        <option value="BF">Burkina Faso</option>
        <option value="BI">Burundi</option>
        <option value="KH">Cambodia</option>
        <option value="CM">Cameroon</option>
        <option value="CV">Cape Verde</option>
        <option value="KY">Cayman Islands</option>
        <option value="CF">Central African Republic</option>
        <option value="TD">Chad</option>
        <option value="CL">Chile</option>
        <option value="CN">China</option>
        <option value="CO">Colombia</option>
        <option value="KM">Comoros</option>
        <option value="CK">Cook Islands</option>
        <option value="CR">Costa Rica</option>
        <option value="CI">Côte d’Ivoire</option>
        <option value="HR">Croatia</option>
        <option value="CU">Cuba</option>
        <option value="CY">Cyprus</option>
        <option value="CZ">Czechia</option>
        <option value="CG">Democratic Republic of the Congo</option>
        <option value="DK">Denmark</option>
        <option value="DJ">Djibouti</option>
        <option value="DM">Dominica</option>
        <option value="DO">Dominican Republic</option>
        <option value="EC">Ecuador</option>
        <option value="EG">Egypt</option>
        <option value="SV">El Salvador</option>
        <option value="GQ">Equatorial Guinea</option>
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Name: asset-email-share-modal

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AI Industry Innovations


BEWARE THE GREAT AI BUBBLE POPPING

Crashing Markets, Slower Innovation, But More Sustainable AI Development Rashmi
Ramesh (rashmiramesh_) • September 18, 2024    
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Image: Shutterstock

If the bubble isn't popping already, it'll pop soon, say many investors and
close observers of the artificial intelligence industry.

See Also: Securing the Data & AI Landscape with DSPM and DDR

The thing about bubbles is that they're best seen in retrospect - especially
since from the inside of one, reality is curved and distorted. So, it's hard to
say for certain. But whether the industry is in a bona fide bubble or not, there
does appear to be a clear disconnect between the market's perception of value
and the economic reality. It's a pattern seen in past bubbles in tech that span
the dot-com crash to the crypto industry collapse.

In each case, unrealistic expectations inflated valuations, and when the
enthusiasm died down, overvalued assets crumbled, leaving investors with losses.
Bubbles have a common storyline: fast-paced growth driven by speculative
investing, followed by sharp downturns.

In AI's case, several companies in the industry saw the value of their stocks
skyrocket in the past year. Chip designer Nvidia is the prime example - its
stock more than tripled since last summer. Tech giants such as Google and
Microsoft, which have invested heavily in AI, also saw large increases. Venture
capitalists invested $2.71 billion into AI in the second quarter this year,
making up half of all VC investments in the period, PitchBook data shows.

Unprecedented leaps in stock prices, especially with little evidence of
real-world application of the technology, are often indicators of an overdue
market correction. Goldman Sachs, which once estimated that up to 50% of jobs
would be exposed to automation, updated its outlook to say that the technology
has not progressed enough yet to replace jobs at the rate of its earlier
prediction.

MIT labor economist Daron Acemoglu estimated that productivity gains from AI
will be less than 1% in the next decade, and venture capitalist David Kahn of
Sequoia Capital said that firms need to bring in about $600 billion in revenue
to make good on their AI bets.

So the question is: What happens when the AI bubble does burst?

If the past bubbles are a benchmark, the burst will filter out companies with no
solid business models and pave the way for more sustainable growth for the
industry in the long term - but not before causing pain for investors, the U.S.
economy, companies in the industry and their employees in the short term.

AI struggled to make profits this year despite the seemingly bottomless
investments and deep expectations. The reason: AI companies spent the cash
infusions on recurring expenses such as data centers, computing hardware such as
GPUs, and large language model training. The resulting products, such as
chatbots and image generators, are barely monetized, as they're considered
add-on features and not platforms in their own right. Microsoft's Copilot is
part of the Windows operating system, and Apple Intelligence is integrated into
the iPhone maker's products. At the moment, neither requires users to pay
separately. OpenAI does offer freemium access to its AI services at nominal
prices as a means to generate revenue.

This does not mean that the technology will never make money. Early stages of
evolution in any tech usually involve trying products in the market by making
them as accessible as possible and monetizing the solutions when there's clarity
on use cases, sizable adoption, dependency and demand. Generative AI will take a
while longer to get there.

The Great Popping will also lead to the ecosystem thinning. Startups with
speculative or unsustainable business models will shutter shop as funding
decreases. The most likely future scenario is that the AI landscape will shift
to make room for a small number of long-term players that focus on practical
applications, while the rest go bust.

Despite sharing similarities with the dot-com bubble, the residue of the AI one
will likely differ in that entire companies, especially the OpenAIs and the
Anthropics, won't likely shutter completely. They may close down money-guzzling
units, rejigger focus or even pivot entirely, but they are unlikely to vanish
off the face of the earth as their dot-com counterparts did.

Job losses are a likely inevitability, and few firms will hire the laid-off
employees. Fewer minds researching and developing the technology may also
potentially slow down progress. Industries that are now quickly adopting AI,
such as healthcare, finance and manufacturing, could become more cautious,
potentially delaying productivity gains.

In addition to AI companies themselves, suppliers of tools and hardware to these
companies will also be affected. Without a bottomless wallet, companies will not
find it cost-efficient to train large language models, paving the way for more
focused, smaller, open-source models.

History has shown that shakeouts often pave the way for sustainable evolution of
the technology. That said, nobody can truly predict the future.

 * AI Industry Innovations

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Previous
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ABOUT THE AUTHOR

RASHMI RAMESH

Assistant Editor, Global News Desk, ISMG

Ramesh has seven years of experience writing and editing stories on finance,
enterprise and consumer technology, and diversity and inclusion. She has
previously worked at formerly News Corp-owned TechCircle, business daily The
Economic Times and The New Indian Express.



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RISK MANAGEMENT FRAMEWORK: LEARN FROM NIST

90 minutes · Premium OnDemand 

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Overview

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 * Facebook
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From heightened risks to increased regulations, senior leaders at all levels are
pressured to improve their organizations' risk management capabilities. But no
one is showing them how - until now.

Learn the fundamentals of developing a risk management program from the man who
wrote the book on the topic: Ron Ross, computer scientist for the National
Institute of Standards and Technology. In an exclusive presentation, Ross, lead
author of NIST Special Publication 800-37 - the bible of risk assessment and
management - will share his unique insights on how to:

 * Understand the current cyber threats to all public and private sector
   organizations;
 * Develop a multi-tiered risk management approach built upon governance,
   processes and information systems;
 * Implement NIST's risk management framework, from defining risks to selecting,
   implementing and monitoring information security controls.


PRESENTED BY


PRESENTED BY

RON ROSS

Sr. Computer Scientist & Information Security Researcher, National Institute of
Standards and Technology (NIST)

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