With tech stocks in a frenzy, the AI party is still picking up steam

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.