In today's market, we're seeing a similar trend to 2017 where companies were using the term “blockchain” to boost their image. This time, it's all about artificial intelligence. Take a look at the Yahoo Finance trending ticker and you'll likely find a company that's included AI in its name or has a product that utilizes AI. One example is BigBear.ai (BBAI), which provides an end-to-end data analytics platform that incorporates AI and machine learning. While the company has seen its shares rise more than 700% this year, it's still not profitable. Other AI companies, such as SoundHound and C3.ai, have also seen a surge in their stock prices this year. This trend is not unique and mirrors previous hype cycles in various industries. Whether these AI companies will ultimately succeed remains to be seen, but investors are jumping on board without hesitation.
What do you think will happen to the AI industry in the long run? Will the hype live up to the expectations or will it collapse like previous hype cycles? And, for those of you who own C3.ai, I feel your pain. I still have it from when it was $137 per share, but now it's down to a measly $27…
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