THE artificial intelligence (AI) bubble is already one of the biggest speculative events in human history, but it looks like it’s just getting started.

AI is a transformative technology, and the advances have been so rapid that a machine could almost certainly write this very article, perhaps even better than any journalist out there.

But AI is not advancing in increments of 5 per cent a day, as AI-enabling chipmaker Nvidia is on the stock market. Last week, the company’s market cap reached US$1.7 trillion – the same as all Chinese companies listed on the Hong Kong Stock Exchange.