Emad Mostaque, CEO of Stability AI, warns that the rapidly-expanding artificial intelligence industry could be headed for a major bubble.

“I think this will be the biggest bubble of all time,” Mostaque predicted while speaking with UBS analysts last week.

Similar to the dot-com bubble of the late 90s, he said he expects excessive hype around AI to inflate stock prices far beyond reason.

“I call it the ‘dot AI’ bubble, and it hasn’t even started yet,” Mostaque warned, according to CNBC.

With the hype around AI growing at unprecedented levels, in other words, even crypto’s bubblicious reputation may finally be surpassed.

With AI dominating headlines, investors are salivating over the next big thing. Stability AI itself has attracted over $100 million from backers enthused by Stable Diffusion’s ability to conjure up striking photos from text prompts. The tool now boasts over one million users.

And Beyond Mostaque’s startup, AI applications have certainly pervaded our lives, from social media feeds to advanced industries like medicine, transportation, and finance.

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Author: Jose Antonio Lanz

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