RECEIPT #SCOTT-
DEC 21, 2023
PREDICTION BY
Scott Galloway“2024 is the year the AI bubble won’t burst, but it will deflate. ... Expect that number to sink lower.”
FOLLOW-UP
Venture funding and valuations for AI startups remained high through 2024, but there has been increasing evidence of down-rounds and valuation pressure at some AI startups and public market re-rating of “AI-exposed” stocks when revenue growth didn’t always match initial hype. AI is clearly still a growth area, but the narrative has shifted from “pure hype” toward “productivity and monetization,” reflecting a deflation, not a burst.
ORIGINAL SOURCE
No Mercy / No Malice