RECEIPT #SCOTT-
DEC 15, 2023
PREDICTION BY
Scott Galloway“This year the AI bubble won’t burst, but it will deflate. This is inevitable because of overinvestment: More than a quarter of U.S. venture funding went to AI startups last year, and 4 in 5 American unicorns are now AI-related… We’re already seeing it in corporate PR, as the rate of AI mentions in S&P 500 earnings calls dropped from 35% to 29%. Expect that number to sink lower.”
FOLLOW-UP
Largely accurate in spirit: the bubble did not burst, but hype normalized and weaker AI stories deflated while core infrastructure and leading platforms remained strong.
ORIGINAL SOURCE
www.profgalloway.com