AI Stocks Are Soaring. It’s a Feeding Frenzy That Won’t End Well. – Crypto News

Investors are in a feeding frenzy over artificial-intelligence software plays, and you have to think this isn’t going to end well.

You can date the start of the AI stock craze to the Nov. 30 launch of ChatGPT, the generative AI chatbot created by the start up OpenAI. Recent data show that ChatGPT reached more than 100 million users in January, reaching that market faster than other buzzy apps like TikTok.