David O'Mahony: History tells us betting on AI bubble is a bad idea

Future generations may wonder why we collectively jumped off a virtual bridge chasing digital tulips, writes David O'Mahony

Every little company wants a piece of AI technology, because nobody wants to be left behind. But for all the billions being pumped into the technology, almost nobody is profiting.

Artificial intelligence is no match for human stupidity.

The Australian researcher Mike Seymour said that in 2018, long before every company in the known universe decided to try and cram AI into every orifice of every app we use, and it remains as true now as it did then — albeit for different reasons.