Risk the AI investment bubble will burst this year, Australian professor says
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A visiting Australian law professor warns that the AI investment bubble may burst this year, drawing parallels with the dot-com bubble collapse. He emphasizes the importance of government regulations in New Zealand and other small countries to influence global tech companies.
Monash University Professor Chris Marsden cautioned that the AI investment bubble is at risk of bursting this year, citing similarities with the dot-com bubble collapse. In a keynote speech at the University of Auckland, Marsden highlighted the importance of government regulations in shaping the tech industry. New Zealand, along with Australia and Singapore, is closely watched by global tech companies due to its regulatory decisions. Marsden noted that small countries can have a significant impact on regulation, citing Singapore's influence. The New Zealand government has a role to play in setting a legal framework to regulate big AI companies. Effective enforcement of regulations is crucial to their success.
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