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Is A.I. a Bubble? - The New York Times

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Exploring whether combining past expert systems with current generative AI could revive neuro-symbolic AI and lead us closer to achieving AGI, challenging prevailing skepticism.

Briefing|Is A.I. a Bubble? By one estimate, 80 percent of U.S. stock gains this year came from A.I. companies. Does it feel like a bubble? This is called the “scaling hypothesis.” It helps explain why Nvidia and AMD recently announced $100 billion deals to install their chips in OpenAI’s data centers; why Amazon is spending more than $100 billion on A.I. data centers this year; why Meta will spend more than $600 billion over the next three years; and so on. Subscribe to The Times to read as many articles as you like. Evan Gorelick is a New York-based writer for The Morning, the flagship daily newsletter of The Times. * ©2025 The New York Times Company * Privacy Policy

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