This year, perhaps the most significant business and economic story has been the development

and spending around artificial intelligence.

AI spending is driving one of the tech industry's most explosive periods and playing a

big role in overall U.S. economic growth.

A few companies are churning immense profits, most of all, NVIDIA, which posted record gains

of $32 billion, a 65 increase in one year.

But there are very real questions about whether this is a bubble. Jeff Bennett dived into that

in a conversation he recorded recently.

Experts say this boom exceeds almost anything else you can imagine, spending that goes beyond

what was spent on the Manhattan

Project and the Apollo missions to space. But a number of experts are concerned that the trillions of

dollars spent and intense competition is creating an AI bubble that won't sustain the kind of

earnings growth to match all of that investment. And if the bubble bursts, it could affect more

than just Silicon Valley.

For more, we're joined now by Cade Metz, technology reporter for the New York Times, who covers the

world of AI. Thanks for being with us. Glad to be here. So let's start with the basics. What is

driving this explosion of AI investment? Why does it seem like all these companies are piling in at once?

Well, since the arrival of the chatbot chat GPT about three years ago, we've seen this

technology steadily progress and slowly work its way into people's lives, into the lives of

office workers. In many ways, it's a transformative

technology. It's helping people search the internet in new ways. And inside offices is helping

to transcribe meetings, helping doctors and other professionals do their jobs maybe a little

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