Is AI the future, or have we hit peak hype?

In this episode of the WealthLab Podcast, Scott and Phil break down the AI boom, Big Tech’s recent pullback, and whether the AI bubble is about to pop. With Microsoft and Apple scaling back AI investments, and an explosion of AI-powered startups with sky-high valuations, is this the start of a reality check? Or is AI just evolving into something more specialized?

What You’ll Learn in This Episode:

✅ Is AI still a good investment, or is the bubble bursting?

✅ Why Microsoft and Apple are stepping back from AI funding

✅ How AI will shift from hype to real-world applications

✅ The rise of AI slop—low-quality, mass-generated content

✅ Will AI replace stockbrokers, journalists, and financial analysts?

✅ How to spot AI-driven financial scams and misinformation

Key Takeaways:

The AI hype cycle mirrors the early dot-com boom—mass adoption, followed by a reality check.

Big Tech isn’t abandoning AI, but they are cutting back on unsustainable investments.

AI’s future lies in industry-specific applications (think doctors, mechanics, and finance).

The rise of AI-generated financial advice—and why you should be skeptical.

AI will create opportunities and risks—but where will it leave investors?