India, Nov. 13 -- AI has been a magnet for heavy investments, which are now being feared as a function of unrealistic promises, creating the so-called 'AI bubble.' If AI fails to deliver, that bubble will be considered as having popped. Whether it really is a bubble is largely disputed among tech executives and investors, making the topic a high-stakes bone of contention. If the bubble pops, it will also hurt people outside the tech business and stock markets, as warned earlier by OpenAI CEO Sam Altman. He had said that if the turbulence in AI investments worsens, it could bring down the entire economy.

At the Web Summit in Lisbon (Portugal), which started on November 11, Microsoft president Brad Smith was asked if AI had become a bubble...