AI's Bar Mitzvah moment: Aswath Damodaran explains what AI means for businesses

Aswath Damodaran, a well-known expert, believes AI has reached a turning point in its development, often referred to as its "Bar Mitzvah moment." This milestone marks a shift from the initial hype and skepticism surrounding AI to a more practical evaluation of its potential impact on businesses. The technology is now entering the business-building phase, where revenues are emerging but profitability remains uncertain, which could lead to significant disruption and market corrections.

Why it matters

Aswath Damodaran argues that AI should be evaluated as a business, moving away from hype and skepticism. This shift in perspective could lead to a more nuanced understanding of AI's potential impact on businesses.

Market impact

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Likely winners & losers

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