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		<title>What happens when the AI bubble pops?</title>
		<link>https://techsstory.com/what-happens-when-the-ai-bubble-pops/</link>
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		<dc:creator><![CDATA[kamran]]></dc:creator>
		<pubDate>Mon, 03 Nov 2025 14:33:41 +0000</pubDate>
				<category><![CDATA[Artificial Intelligence]]></category>
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					<description><![CDATA[Every tech company now seems to have their own AI: Google Gemini. OpenAI’s ChatGPT. MetaAI. Spending for AI is reaching&#8230; ]]></description>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">Every tech company now seems to have their own AI: Google Gemini. OpenAI’s ChatGPT. MetaAI. Spending for AI is <a href="https://nvidianews.nvidia.com/news/openai-and-nvidia-announce-strategic-partnership-to-deploy-10gw-of-nvidia-systems" target="_blank" rel="noopener">reaching record highs</a>, powering a <a href="https://www.nytimes.com/2025/10/17/business/bull-market-trump-biden.html" target="_blank" rel="noopener">big boom</a> for the stock market. Even the <a href="https://www.whitehouse.gov/wp-content/uploads/2025/07/Americas-AI-Action-Plan.pdf" target="_blank" rel="noopener">White House</a> wants in on the fun.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">So are we in an AI bubble — an overblown investment period that’s bound to deflate? Yes, argues Paul Kedrosky, a partner with SK Ventures and a fellow at MIT’s Initiative on the Digital Economy. But not the bubble everyone <em>thinks</em> we are in. “AI is obviously a hugely important technology,” Kedrosky told <em>Today, Explained</em> co-host Noel King. So what, then?</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">It’s <a href="https://paulkedrosky.com/why-ai-capex-isnt-a-bubble-a-perez-ian-perspective/" target="_blank" rel="noopener">the money going into the AI infrastructure</a> like data centers that concerns Kedrosky: “We’re spending this prodigious amount of money on the underlying infrastructure for AI with probably no likelihood of recovering most of that cost, and a significant likelihood that most of those assets become worthless because of the speed at which they depreciate.”</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">What happens when the bubble pops? And can past bubbles tell us anything about what is to come?</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">Below is an excerpt of their conversation, edited for length and clarity. There’s much more in the full episode, so listen to <em>Today, Explained</em> wherever you get podcasts, including <a href="https://podcasts.apple.com/us/podcast/today-explained/id1346207297" target="_blank" rel="noopener">Apple Podcasts</a>, <a href="https://www.pandora.com/podcast/today-explained/PC:140" target="_blank" rel="noopener">Pandora</a>, and <a href="https://open.spotify.com/show/3pXx5SXzXwJxnf4A5pWN2A" target="_blank" rel="noopener">Spotify</a>.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1"><strong>How much money is going into these data centers?</strong></p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">It’s going to be on the <a href="https://www.wsj.com/tech/ai/its-not-just-rich-countries-techs-trillion-dollar-bet-on-ai-is-everywhere-1781a117?gaa_at=eafs&amp;gaa_n=AWEtsqd4hi_5Nvipof_YGPGIDBbfaEZbYYbT5q57ZcS2akS7hbTQXm5kZCY-yqwTxwg%3D&amp;gaa_ts=69023dd2&amp;gaa_sig=4hUvQ63hSi8xUzcITNjrruPvhWjy6PF8yCXZwXwg6wL6SM7alf2gYwj9DkFZ0e61JXvQXEzaJdcWDfO3MMPM1w%3D%3D" target="_blank" rel="noopener">order of trillions</a> now. Forecasts are in excess of $2 trillion in data center spending ahead. But an increasing fraction of the money that’s being spent on all of these things that allow us to distribute AI, like electricity, is coming from debt. And debt comes with obligations. You don’t get to just walk away from it. So that makes this moment even more perilous.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1"><strong>If AI is so important, why does it not make sense for trillions of dollars to be rushing in? Isn’t this what we should be doing?</strong></p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">We should be. But the problem, of course, is that there’s this idea of what’s called a rational bubble. Everybody thinks they’re doing the right thing, but when you add everybody’s “right thing” together, you end up with a prodigious amount of waste.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">It’s no different than if you go back to the 19th-century railroad bubbles in both the UK and the US. There was simply too much track, too many enthusiastic railroad builders building almost adjacent tracks to the same locations. And this led to an incredible amount of waste. But it also led to company failures and various market crises across the 19th century in the US and repeatedly in the UK. It’s not as simple as saying, “Well, this is important, so we should build it and not care what it costs and not care about the consequences.”</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1"><strong>If so many smart people think that we are in a bubble, why is money still flowing into data centers and other AI infrastructure at the rate that it is? </strong></p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">I’m not convinced that many people think it is a bubble. As I talk to people in technology, the most common response I get is not only is this not a bubble, but it’s probably the most important technology of our lifetime. We have an opportunity to build a super-intelligence, a god-like intelligence on top of all of these chips and buildings and this AI electricity thing we’re creating. And to say we should slow down at this point, according to the technology community, is just a huge error. But there are people outside of technology who say, “Oh, this is an incredible amount of spending.” The Bank of England <a href="https://www.theguardian.com/business/2025/oct/08/bank-of-england-warns-of-growing-risk-that-ai-bubble-could-burst" target="_blank" rel="noopener">said it</a>. Other people are cautioning about it, but not inside of technology.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1"><strong>The United States and humanity broadly has had no shortage of bubbles throughout history. You mentioned the railroads; walk us through some famous American bubbles.</strong></p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">The railroad is probably among the most prominent in the US and that was, again, an enthusiasm for the idea. The same thing happened in the ’20s during electrification. In the 1920s we went from a single-digit percentage of rural areas having access to electricity, [to] by the end of the decade it was more or less ubiquitous. Everyone had access to electricity. But at the same time, that gave rise to this proliferation of utility companies, of ventures that were doing all kinds of questionable things in terms of overspending. You could argue that electrification and the frenzy around it gave rise to the stock market rise of the ’20s, which led to the crash of ’29 and helped precipitate the Great Depression.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">People are pretty familiar with the telecom and dot-com bubbles, but the closest historical analogy to what’s happening now genuinely is railroads and electrification. In the same way that we don’t need to have two sets of tracks to Philadelphia, we probably don’t need the same number of companies delivering what are called these large language models, these AI models that people are using. These will naturally shrink.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1"><strong>How destructive are bubbles and what do they tend to destroy?</strong></p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">All of them do immense damage. It’s a question of how big the bubble is and where the damage goes.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">So if you’re just holding an index fund and thinking you’re being very conservative, you’re actually soaking in AI right now. If everything reverses, goes 20 or 30 percent in the other direction, you’re much poorer than you were. That’ll change your spending. And that has implications for recessions.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1"><strong>Isn’t it always the case that the bubble bursts and then what it leaves behind is, maybe not something beautiful, but something workable?</strong></p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixi lg8ac51 lg8ac50 xkp0cg1">That’s kind of a line of patter from the technology community. But the reality is almost every financial, every technology revolution has caused huge damage and can take decades before we get back to where we were before. And as the famous line in economics goes, in the long run, it may work out, but in the long run we’re also all dead.</p>
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<p><a href="https://www.vox.com/podcasts/466649/ai-bubble-burst-data-centers-economy">Source link </a></p>
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		<title>How AI could help us talk to animals</title>
		<link>https://techsstory.com/how-ai-could-help-us-talk-to-animals/</link>
					<comments>https://techsstory.com/how-ai-could-help-us-talk-to-animals/#respond</comments>
		
		<dc:creator><![CDATA[kamran]]></dc:creator>
		<pubDate>Fri, 04 Oct 2024 06:17:39 +0000</pubDate>
				<category><![CDATA[Artificial Intelligence]]></category>
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					<description><![CDATA[  Joyce Poole and Michael Pardo recently published a groundbreaking study on elephant communication: Using a machine learning model, they&#8230; ]]></description>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixe lg8ac51 lg8ac50 xkp0cg0">Joyce Poole and Michael Pardo recently <a href="https://www.nature.com/articles/s41559-024-02420-w" target="_blank" rel="noopener">published a groundbreaking study</a> on elephant communication: Using a machine learning model, they were able to show strong evidence that African savannah elephants have unique names for one another. The statistical model they used — known as a random forest model — is nothing new or snazzy. It’s been around for 20 years. But it’s one example of how animal communication researchers are using machine learning to decode animal calls they can’t through observation alone.</p>
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<p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1agbrixe lg8ac51 lg8ac50 xkp0cg0">This video covers some other ways machine learning is solving the limits of human observation in the study of animal communication. And it explains a wild plan for what might be next: deep learning models that could facilitate interspecies communication.</p>
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<p><a href="https://www.vox.com/videos/364124/ai-talk-communicate-animals-machine-learning">Source link </a></p>


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		<title>What to know about ChatGPT, AI therapy, and mental health</title>
		<link>https://techsstory.com/what-to-know-about-chatgpt-ai-therapy-and-mental-health/</link>
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		<dc:creator><![CDATA[kamran]]></dc:creator>
		<pubDate>Thu, 28 Dec 2023 11:55:00 +0000</pubDate>
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		<guid isPermaLink="false">https://techsstory.com/?p=14173</guid>

					<description><![CDATA[I didn’t find a therapist when I first felt I might need one, nor when I finally found the energy&#8230; ]]></description>
										<content:encoded><![CDATA[<p><span style="font-size: revert; color: initial;">I didn’t find a therapist when I first felt I might need one, nor when I finally found the energy to start Googling the therapists with offices near me. I didn’t find one months later when, after glancing at the results of my depression screening, my physician delayed her next appointment, pulled up a list of therapists, and helped me send emails to each of them asking if they were taking on new patients. It was a year before my therapist search ended thanks to a friend who was moving away who gave me the name of the person that had been treating her.</span></p>
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<p id="zSfTXi">I was fortunate: My full-time job included health insurance. I lived in an area with many mental health professionals, and I had the means to consider therapists who were out of network. Many people trying to get mental health care do so without any of the institutional, social, or financial resources I had.</p>
<p id="Qy5bIL">This lack of access, fueled by a nationwide mental health crisis and a shortage of therapists in the US — not to mention a health care system that can, for many, make it extremely difficult to find an in-network provider — is a problem that urgently needs solutions. As with any such problem, there are people out there who say the solution is technology.</p>
<p id="ePdsN7">Enter AI. As Generative AI chatbots have rolled out to a wider range of users, some have started using readily available, multipurpose tools like ChatGPT as therapists. Vice <a href="https://www.vice.com/en/article/z3mnve/we-spoke-to-people-who-started-using-chatgpt-as-their-therapist" target="_blank" rel="noopener">spoke to some of these users</a> earlier this year, noting that anecdotal reports of people praising their experiences with chatbots had spread through social media. One Redditor even wrote <a href="https://www.reddit.com/r/ChatGPT/comments/zig5dd/chatgpt_jailbreak_therapy_session_treatment_plan/" target="_blank" rel="noopener">a guide to “jailbreaking”</a> ChatGPT in order to get around the chatbot’s guardrails against providing mental health advice.</p>
<p id="BnLTxs">But ChatGPT is not built to be anyone’s therapist. It’s not bound by the privacy or accountability requirements that guide the practice and ethics of human therapists. While there are consequences when a chatbot, say, fabricates a source for a research paper, those consequences are not nearly as serious as the potential harm caused by a chatbot providing dangerous or inaccurate medical advice to someone with a serious mental health condition.</p>
<p id="6DlL11">This doesn’t necessarily mean that AI is useless as a mental health resource. <a href="https://betsystade.github.io/" target="_blank" rel="noopener">Betsy Stade</a>, a psychologist and postdoctoral researcher at the Stanford Institute for Human-Centered AI, says that any analysis of AI and therapy should be framed around the same metric used in psychology to evaluate a treatment: Does it improve patient outcomes? Stade, who is the lead author of a <a href="https://osf.io/preprints/psyarxiv/cuzvr" target="_blank" rel="noopener">working paper on the responsible incorporation of generative AI into mental health care</a>, is optimistic AI can help patients and therapists receive and provide better care with better outcomes. But it’s not as simple as firing up ChatGPT.</p>
<p id="iPggEO">If you have questions about where AI therapy stands now — or what it even is — we’ve got a few answers.</p>
<h3 id="av2hki">What is an AI therapist?</h3>
<p id="eYTqbI">The term “AI therapist” has been used to refer to a couple different things. First, there are dedicated applications that are designed specifically to assist in mental health care, some of which are available to the public and some not. And then there are AI chatbots pitching themselves as something akin to therapy. These apps existed long before tools like ChatGPT. Woebot, for example, is a service launched in 2017 designed to provide assistance based on <a href="https://www.nytimes.com/2022/09/27/opinion/chatbot-therapy-mental-health.html" target="_blank" rel="noopener">cognitive behavioral therapy</a>; it gained popularity <a href="https://www.theguardian.com/us-news/2022/apr/13/chatbots-robot-therapists-youth-mental-health-crisis" target="_blank" rel="noopener">during the pandemic</a> as a mental health aid that was <a href="https://www.nytimes.com/2021/06/01/health/artificial-intelligence-therapy-woebot.html" target="_blank" rel="noopener">easier and cheaper to access</a> than therapy.</p>
<p id="uyzQou">More recently, there has been a proliferation of free or cheaper-than-therapy chatbots that can provide uncannily conversational interactions, thanks to large language models like the one that underpins ChatGPT. Some have turned to this new generation of AI-powered tools for mental health support, a task they were not designed to perform. Others have done it unwittingly. Last January, the co-founder of the mental health platform KoKo <a href="https://arstechnica.com/information-technology/2023/01/contoversy-erupts-over-non-consensual-ai-mental-health-experiment/" target="_blank" rel="noopener">announced</a> that it had provided AI-created responses to thousands of users who thought they were speaking to a real human being.</p>
<p id="heUg1x">It’s worth noting that the conversation around chatbots and therapy is happening alongside research into roles that AI might play in mental health care outside of mimicking a therapy session. For instance, AI tools could help human therapists do things like organize their notes and ensure that standards for proven treatments are upheld, something that has a track record of improving patient outcomes.</p>
<h3 id="o1VUKV">Why do people like chatbots for therapy, even if they weren’t designed for it?</h3>
<p id="e4uKHY">There are a few hypotheses about why so many people seeking therapy respond to AI-powered chatbots. Maybe they find emotional or social support from these bots. But the level of support probably differs person to person, and is certainly influenced by their mental health needs and their expectations of what therapy is — as well as what an app might be able to provide for them.</p>
<p id="NKogmk">Therapy means a lot of different things to different people, and people come to therapists for a lot of different reasons, says Lara Honos-Webb, a clinical psychologist who specializes in ADHD and the co-founder of a startup aimed at helping those managing the condition. Those who have found ChatGPT useful, she said, might be approaching these tools at the level of “problem, solution.” Tools like this might seem like they’re pretty good at reframing thoughts or providing “behavioral activation,” such as a list of healthy activities to try. Stade added that, from a research perspective, experts don’t really know what it is that people feel is working for them in this case.</p>
<p id="FlJPKb">“Beyond super subjective, qualitative reports of what a few people are doing, and then some people posting on Reddit about their experiences, we actually don’t have a good accounting of what’s happening out there,” she said.</p>
<h3 id="pjPRKD">So what are the risks of chatbot therapy?</h3>
<p id="NvOfTC">There are some obvious concerns here: Privacy is a big one. That includes the handling of the training data used to make generative AI tools better at mimicking therapy as well as the privacy of the users who end up disclosing sensitive medical information to a chatbot while seeking help. There are also the biases built into many of these systems as they stand today, which often reflect and reinforce the larger systemic inequalities that already exist in society.</p>
<p id="fQIEe8">But the biggest risk of chatbot therapy — whether it’s poorly conceived or provided by software that was not designed for mental health — is that it could hurt people by not providing good support and care. Therapy is more than a chat transcript and a set of suggestions. Honos-Webb, who uses generative AI tools like ChatGPT to organize her thoughts while writing articles on ADHD but not for her practice as a therapist, noted that therapists pick up on a lot of cues and nuances that AI is not prepared to catch.</p>
<p id="foSmmf">Stade, in her working paper, notes that while large language models have a “promising” capacity to conduct some of the skills needed for psychotherapy, there’s a difference between “simulating therapy skills” and “implementing them effectively.” She noted specific concerns around how these systems might handle complex cases, including those involving suicidal thoughts, substance abuse, or specific life events.</p>
<p id="DmuS9h">Honos-Webb gave the example of an older woman who recently developed an eating disorder. One level of treatment might focus specifically on that behavior: If someone isn’t eating, what might help them eat? But a good therapist will pick up on more of that. Over time, that therapist and patient might make the connection between recent life events: Maybe the patient’s husband recently retired. She’s angry because suddenly he’s home all the time, taking up her space.</p>
<p id="SMBeRz">“So much of therapy is being responsive to emerging context, what you’re seeing, what you’re noticing,” Honos-Webb explained. And the effectiveness of that work is directly tied to the developing relationship between therapist and patient.</p>
<h3 id="84TXGr">But can AI help solve the crisis of access to mental health care?</h3>
<p id="SFzBca">Implemented ethically, AI could become a valuable tool for helping people improve their results when seeking mental health care. But Stade noted that the reasons behind this crisis are wider-reaching than the realm of technology and would require a solution that is not simply a new app.</p>
<p id="ReW4sq">When I asked Stede about AI’s role in solving the access crisis in US mental health care, she said: “I believe we need universal health care. There’s so much outside the AI space that needs to happen.”</p>
<p id="zc7JQk">“That said,” she added, “I do think that these tools have some exciting opportunities to expand and fill gaps.”</p>
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