Nvidia, Amazon And Microsoft's Recent Activity Indicate Impending AI Bubble: 'When The Music Stops There Will Not Be Many Chairs Available'
The first is the reported $5 billion valuation of NVIDIA (NASDAQ: NVDA) -backed generative AI company Cohere, which almost doubled its value last June, despite a 2023 annual revenue of just $13 million. Windsor called this a "reckless abandonment."