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Will the bubble burst for AI in 2025, or will it start to deliver?

Nov 26, 2024 - economist.com
The article discusses the rapid growth and popularity of artificial intelligence (AI), particularly following the launch of OpenAI's chatbot, ChatGPT, in November 2022. The chatbot attracted 100 million users within weeks, marking the fastest user growth in history. Additionally, investors have shown significant interest in AI, with spending on AI data centres projected to surpass $1.4 trillion between 2024 and 2027.

The article also highlights the success of Nvidia, the leading manufacturer of AI chips, whose market value has increased eight-fold to over $3 trillion. This surge in AI interest and investment is described as potentially the biggest gamble in business history. The article was featured in the Leaders section of The World Ahead 2025's print edition under the headline "Crunch time for AI".

Key takeaways:

  • The mania for artificial intelligence (AI) began with the launch of ChatGPT at the end of November 2022.
  • OpenAI’s chatbot attracted 100m users within weeks, making it the fastest product to do so in history.
  • Investors have heavily invested in AI, with spending on AI data centres between 2024 and 2027 expected to exceed $1.4trn.
  • The market value of Nvidia, the leading maker of AI chips, has increased eight-fold, to more than $3trn.
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