New Delhi, Oct. 8 -- The past few months have seen the announcement of multi-billion-dollar deals in the artificial intelligence (AI) industry, as companies build the infrastructure necessary to develop technologies.

Earlier this week, OpenAI announced a deal to use Advanced Micro Devices (AMD) chips over multiple years; while Meta Platforms signed a $29 billion financing package for data centres, and Oracle Corp also raised a $38 billion debt package for its infrastructure. Today, there were reports that Nvidia is investing $2 billion in Elon Musk's xAI.

The developments have been met with optimism and scepticism alike. Amid the buzz, there are fears of a "dotcom"-like bubble. We see what the experts feel the various announcements sign...