With a topic as exciting as Artificial Intelligence (AI), it’s easy to get wrapped up in the hype. Gartner has even delineated its ‘hype cycle’ to more or less codify the emotional journey that frequently accompanies advancements in technology 1 . It’s easy to see a new achievement and think of how exciting it is, but in thinking about an investment thesis, it’s important to always step back from the emotion and consider where the rubber really meets the road on such topics.
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