The Economist.
It's called ChatGPT.
More than just search results, it provides fully synthesized answers, code, cover letters, and more.
That was 2022, and investors were beginning to see the potential.
Let's look at Nvidia having a pretty solid day, up 2.8% at the moment,
after Citigroup predicted the chatbot ChatGPT could be a Pokémon Go moment for artificial intelligence.
Since then, Nvidia's share price has increased by more than 1,000%,
and the value of America's stock market has climbed by $21 trillion.
Just ten firms, including Nvidia, account for more than half of that.
But despite kickstarting this bull run, OpenAI, which makes ChatGPT, may make just around $13 billion in revenue this year.
Nevertheless, OpenAI plans a trillion dollar plus infrastructure buildout across chips, data centers, and custom silicone.
And all of that has got analysts and investors asking, "Are we in an AI bubble?"
"Are you concerned at all about a bubble?"
"Do you think it's possible we're in a bit of an AI bubble?"
"How do you think about this bubble talk?"
So, what could make the AI stock market pop?
You're listening to Money Talks from The Economist, our weekly podcast on the markets, the economy, and the world of business.
In New York, I'm Mike Bird.
In Washington DC, I'm Alice Fulwood.
And in today's show, are we in an AI bubble?