Despite the AI hype, some experts warn of a bubble—what happens if it pops? (opens in new tab)

In the last few years, the hype around artificial intelligence has become stratospheric. Riding a wave of venture capital, tech leaders promised us AI would revolutionize work, boost productivity and lead to incredible new breakthroughs. OpenAI, the creator of ChatGPT, set a new record when it attained US$110 billion in investments several months ago—and its CEO, Sam Altman, recently claimed Australia could become a "data capital of the world."