AI Disrupters
For the past few years, anything connected to artificial intelligence (AI) felt unstoppable. Investors poured money into AI-related companies, pushing valuations higher as excitement around the technology grew. There were concerns about the massive capital expenditures required to build AI infrastructure, but the dominant narrative was simple: invest now, dominate later.
This year, that tailwind has started to feel more like a headwind. Investors shifted from asking, “Who benefits from AI?” to “When will companies start seeing a return on all that investment?” – and now, “Who gets disrupted by it?” That change in mindset helped trigger the recent meltdowns.