Wall Street Needs to Prepare for an AI Winter
Australian Financial Review
SKIPPED
Details
- Date Published
- 26 Dec 2024
- Priority Score
- 2
- Australian
- No
- Created
- 8 Mar 2025, 02:41 pm
Description
Technology companies are struggling to conjure the great leaps in capability that had been expected, and more meaningful revenue may not come until 2026.
Summary
The article provides an analysis of the challenges facing technology companies like Nvidia and OpenAI in meeting the high expectations for advancements in AI capabilities. It underscores the significant gap between current technological progress and the anticipated leaps, warning that substantial revenue increases might not occur until 2026. This piece relates to AI safety by highlighting the volatility and unpredictability in AI development trajectories, which can have broader implications for market stability and governance. However, its focus is primarily on economic impacts rather than directly addressing existential or catastrophic AI risks.
Body
TechnologyAIPrint articleDec 26, 2024 – 10.47amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginSurely one of the silliest things that happened in tech stocks in 2024 wasthe sudden tumble in Nvidia shares moments after its fiscal second-quarter earnings release in August.Chief executive Jensen Huang, who otherwise walked on water this year, mentioned a minor – and resolved – blip in production of its new chip. Yet investors panicked anyway.Loading...Bloomberg OpinionSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginFollow the topics, people and companies that matter to you.Find out moreRead MoreAIOpinionNvidiaOpenAISharemarketFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy end‘We’ll fight’: Alex Waislitz on family battles and bad betsPatrick DurkinJob appointments have never been purely merit-based: CEW chiefWhy this CEO saves creative work for after her periodNew Zealand pops its cork for one of the world’s great wine festivalsMax AllenWhy Hawaii’s data-driven wellness retreat is a haven for high-flyersA last-chance tote bag and a groovy case for trumpetersVictor Smorgon’s star fundie eyes 50pc returns for new fundAlex GluyasForrest family powerbroker had alleged role in big Fortescue decisionsEllison-run garnet mine faces punishment over unsanctioned development