Remember the ’90s, when every incoming email triggered its own cheery alert and mailboxes overflowed with free CD-ROMs from AOL? In those innocent days, we were only starting to understand how transformative the internet would be. Then, almost overnight, the conversation changed. People who barely knew what a website was were suddenly investing in any company with “dot-com” in its name. Tech stocks soared—and soon enough, the bubble burst.
Today, the rise of AI is giving me a feeling of deja vu all over again. We’re still early in the cycle, but AI is quickly moving from relative obscurity toward total ubiquity. And just like in the era of grunge music and dial-up connections, investors are being flooded with bold claims and skyrocketing valuations—as well as very familiar financial risks.
