AI Bubble Warning 90 Percent of Startups Could Vanish

The Coming AI Market Correction

The artificial intelligence landscape, currently buzzing with excitement following the launch of OpenAI's ChatGPT, is heading for a massive shakeup. According to Wang Jian, the visionary founder of Alibaba Group Holding Ltd.’s cloud and AI division, as many as nine-tenths of the AI technologies and services that have recently emerged could disappear within the next decade.

Beyond the Chatbot Hype A Skewed Vision of AI

Wang believes the problem stems from a "bias" or a skewed understanding of AI's capabilities, largely shaped by the US startup's mainstream success. In an interview with Bloomberg Television, he argued that while ChatGPT brilliantly captured the public's imagination about chatbots, the true potential and application of AI are far broader. To propel the next stage of AI development, Wang, who built Alibaba's cloud business from the ground up in 2009, urges developers to cut through the noise and think more creatively about the technology's vast possibilities.