‘Artificial intelligence’ myths have existed for centuries—from the ancient Greeks to a Pope’s chatbot

It seems the AI hype has turned into an AI bubble. There have been many bubbles before, from the Tulip mania of the 17th century to the derivatives bubble of the 21st century. For many commentators, the most relevant precedent today is the dotcom bubble of the 1990s. Back then, a new technology (the World Wide Web) unleashed a wave of “irrational exuberance.” Investors poured billions into any company with “.com” in the name.

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