AI in a Bubble?

Since late 2022 when OpenAI’s ChatGPT sprang onto the scene, the progressive improvements in large-language models (LLMs) have been impressive. This has led to an unprecedented runup in the value of the leading LLM providers, leading many to question if we are in an AI bubble. While no one can refute that there is a gold rush on right now, the only question is whether these companies have struck…