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Apple investor Alan Patricof warns of AI bubble

Published

8 months ago

October 6, 2023

ticker NEWS

Renowned Apple investor Alan Patricof is sounding the alarm bells, cautioning that the world is on the verge of an artificial intelligence (AI) bubble.

In a recent interview, Patricof expressed concerns about the rapid proliferation of AI startups and the exuberance surrounding the technology.

Patricof, a veteran venture capitalist, believes that while AI has immense potential, the hype surrounding it has led to excessive valuations and unrealistic expectations. He points to the numerous AI companies that have received staggering amounts of funding in recent years, often without a clear path to profitability.

“We’ve seen this before with the dot-com bubble in the late ’90s,” Patricof warned. “Investors are pouring money into AI startups without fully understanding the risks and challenges these companies face.”

While AI has made significant advancements in various industries, from healthcare to finance, Patricof argues that the current euphoria may lead to a reckoning. He suggests that investors should exercise caution and conduct thorough due diligence before diving into the AI market.

In a rapidly evolving landscape, Patricof’s words serve as a reminder that not all AI companies will achieve the same level of success. The key lies in identifying startups with genuine potential and a viable business model.

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

2 days ago

May 17, 2024

Nathan Langridge

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

News

Portal between countries shut down after international flashing

Published

2 days ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

News

U.S. home prices surge 47%

Published

2 days ago

May 17, 2024

ticker NEWS

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending