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From the New York Times, I'm Natalie Ketrowef.
This is The Daily.
After years of soaring optimism and massive investment in the AI boom, in recent weeks,
Wall Street has begun to seriously question whether that optimism was overblown and whether we're actually in a bubble that may soon pop.
And yet, despite all that hand-ringing, Silicon Valley has only doubled down,
projecting total confidence about the hundreds of billions of dollars it's pouring into the technology.
Today, my colleague, Kate Metz, explains why.
Why tech companies believe so fervently in AI,
why they're willing to take huge risks to deliver on its promise,
and whether that bet could backfire.
It's Thursday, November 20th.
Kate, it seems like the conversation on Wall Street among investors in Silicon Valley,
even in Washington these days,
has gone from whether we're in an AI bubble to the general sense that,