Microsoft co-founder Bill Gates has cautioned that the world is currently caught in an AI bubble, comparing the frenzy around artificial intelligence to the dot-com boom of the late 1990s. Speaking to famous publication, Gates noted that while the AI revolution carries immense potential, the surge of excitement and capital flooding into the sector may be overblown.

Gates clarified that the current AI wave is not built purely on speculation like the infamous “tulip mania” in 17th-century Holland, when flower bulb prices skyrocketed before collapsing. “That’s not where we are,” Gates said, emphasizing that AI has real value and transformative potential.

Instead, he drew parallels with the dot-com era, where a flood of startups rode the internet boom—many of which failed after the 2000 cras

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