), the world in 2023 is witnessing a new gold rush to the wild west of AI.
The metaverse is another great example of markets jumping the shark on a nascent trend. Last year, investors scrambled for anything related to Web3, only to have their dreams of virtual economies rudely interrupted by developments in the real economy. Metaverse ambitions mostly flamed out as financial conditions tightened and the sector was rocked by high-profile crypto scandals.
Now, sparked by the promising capabilities of ChatGPT, artificial intelligence is the market's shiny new object. There's little doubt that artificial intelligence will be a game-changer in the coming years, and there will be plenty of winners in the space, but similar to recent crazes like last year's rush to the metaverse, investors at this point may still want to take the grandiose promises of AI with a large grain of salt.