Marketplace’s Meghan McCarty Carino speaks with Professor David A. Kirsch, co-author of the book "Bubbles and Crashes: The Boom and Bust of Technological Innovation" to discuss the AI boom and whether it could go bust.
Is AI a bubble? It's the trillion-dollar question in the economy. So Marketplace’s Meghan McCarty Carino decided to look to history for some answers in this week’s special episode of “Tech Bytes: Week in Review.”
McCarty Carino spoke with David A. Kirsch, a historian and management professor at the University of Maryland. He’s also co-author of the book "Bubbles and Crashes: The Boom and Bust of Technological Innovation."
He and Brent Goldfarb looked at patterns over 150 years of technological breakthroughs, from broadcast radio to rayon, and came up with a model of the conditions that most often lead to bubbles.
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