Aishe News

From optimistic forecasts to desperate calls for technological rescue The First Quarter of the 21st Century Changed A Lot. The Next One Still Needs an AI Boost Debt, demographics and geopolitics aside, the key question is whether artificial intelligence can revolutionize productivity 25 years of wrong economic forecasts (and why AI could be the last hope) Debt, demographics and geopolitics aside, the key question is whether artificial intelligence can revolutionize productivity. Remember the good old days of 1999? When we thought Year 2000 would turn all our computers into expensive paperweights, and we were still impressed by phones that could play Snake? Those were simpler times, my friends. Times when financial experts were sitting around debating not if, but WHEN the US would pay off all its government debt.  I'll pause here while you finish laughing. You see, back then, the Congressional Budget Office had this adorably optimistic prediction that by 2013, America would be d...

A world where computer algorithms have become more attractive to investors than actual human beings.  Welcome to the AI investment circus of 2024, where venture capitalists are throwing money at artificial intelligence like teenagers tossing bread crumbs to hungry pigeons! Venture Capital's Artificial Intelligence Addiction Let me break this down for you. According to HSBC Innovation Banking - and yes, that's a real thing, not a comedy sketch - a whopping 42% of all venture capital in the United States is now being dumped into AI companies. Forty-two percent! That's not just a number, folks. That's essentially saying, "Hey, forget everything else. Computers are the new sexy!" Remember when we used to invest in things like real estate, manufacturing, or companies that made actual, tangible products? Those days are gone.  Now, we're betting our entire economic future on machines that can write poetry, generate images, and probably will soon be able to dec...