Resist the hype and tread carefully with AI

More than half of New Zealanders in a survey worry that companies will misuse their data in AI-powered customer engagements. (Image: Getty)

Peter Griffin

Wed, 08 Oct 2025

As hype around artificial intelligence companies pushes the Nasdaq to a record high, some of the world’s most influential technology leaders, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg, and most recently Amazon’s Jeff Bezos, have all publicly suggested that the industry is in bubble territory. Altman and Zuckerberg have warned that the current euphoria mirrors the late-1990s dot-com frenzy, with investors “overexcited about a kernel of truth”, as Altman put it in August, and valuations disconnected from...

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