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Bitcoin miner MARA warns AI mirrors 2000s internet boom, firms risk overbuilding infrastructure: Bernstein The Block 17 Oct 2024

Bitcoin miner MARA warns AI mirrors 2000s internet boom, firms risk overbuilding infrastructure: Bernstein 💡

Bitcoin mining company MARA has issued a warning about the potential risks involved in the Artificial Intelligence (AI) space, drawing parallels to the internet boom of the 2000s. The firm suggested that businesses might be at risk of overbuilding infrastructure.

Despite the warnings, MARA's CEO, Fred Thiel, has highlighted a positive aspect by acknowledging that successful operators will eventually integrate AI components as they become beneficial in the long term.

Source: www.theblockcrypto.com ↗