Artificial Intelligence

The Next Evolution Of The Technology World, The Next Market Bubble, Or A Little Bit Of Both?

If you have been following the news or financial markets over the last couple years, you will probably have seen a couple pieces on artificial intelligence. Artificial intelligence is an interesting topic that has the potential to change the world, or be the next overhyped topic in an ever shortening media cycle. I’ll be the first to admit that I’m not a technological genius, but I do think I have a pretty good idea of where the world is headed. From artificial intelligence, to Apple’s new Vision Pro virtual reality goggles, the technology around us is changing at a rapid pace. It has been interesting to watch Nvidia and other stocks rip higher to start the year on the Artificial Intelligence narrative, but is it the next step in the development of technology, or the beginning of the next bubble?

Evolution Of Technology

Over the last three decades, the growth of the internet has completely changed the world we live in. Some things have improved, others have deteriorated, but overall, it has been a massive change for many people around the world. The internet changed how we buy stuff, how we communicate, how we learn, and even how we work (the last one is especially true over the last couple years).

Younger generations have grown up with a pocket sized computer called a smartphone that we can pull out at a moment’s notice. It’s a combination of the Library of Alexandria and the Oracle of Delphi, an answer to every question under the sun at their fingertips, and yet we spend most of out time on social media apps where we can get a quick dopamine fix.

It looks like some people are starting to figure it out as so-called dumb phones are starting to make a comeback, but I think we are still going to be figuring out how phones and computers have impacted younger generations and their development decades from now. More recently, we have seen the development of ChatGPT and other “AI” tools. I have my doubts that we will see an artificial intelligence that will work the way a human mind works, but that remains to be seen.

ChatGPT, the most well-known generative AI tool, is a large language learning model similar to a search engine. You can ask ChatGPT a question and it will spit out an answer. You can provide rules and other things to guide the response of ChatGPT. You can also provide a prompts like “write me a poem”, or “write a legal document with a liability waiver”, and ChatGPT will be able to do that as well. ChatGPT is the most-well known AI tool and it only took two months to hit 100 million users. There are other tools out there, but it will be interesting to see how tools like ChatGPT develop over the next decade.