The bubble broke. Someone got scared. Threw a bunch of money at it and there was a bounce and now reality sets in again.
The artificial intelligence technology is too fluid in its development to be a solid investment with regular/quarterly returns on investment.
It happens. A sparkling, shiny object gets attention, there is over investment, and then the technology itself disappoints investors and they run the other way. That is just inherent to market investment.
There is too much hype around the technology and because of the nature of the technological development the outcomes don’t match the hype.
