However, many companies often make ambitious claims about the jobs AI might replace or what users can create using text prompts.
Speaking at Harvard's Future of business Conference, Li argued that many of these products will turn out to be false innovations, unable to find a sustainable market.
He compared the current situation to the dot-com bubble that burst around the turn of the century, wiping out many early Internet companies. Li also believes the AI market has become quieter but healthier in 2024 compared to recent years. Although some businesses and investors maintain high hopes for AI, others are showing more caution, recognizing that Nvidia's meteoric rise can't last forever.