‘Artificial intelligence’ myths have existed for centuries – from the ancient Greeks to a pope’s chatbot

Seems, AI hype turned into artificial intelligence bubble. There used to be a lot of bubbles, starting with Tulip mania 17th century before derivatives bubble XXI century. For many commentators, the most important precedent today is dotcom bubble 1990s. Then a new technology appeared ( World Wide Web) caused a wave”irrational exuberanceInvestors poured billions into any company with a “.com” in its name.

Three decades later, another one new technology caused another wave of delight. Investors are pouring billions into any company that has the word “AI” in its name. But there is a crucial difference between these two bubbles that is not always realized. The World Wide Web existed. It was real. General artificial intelligence doesn't exist and no one knows If or When it will happen someday.

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