One of the biggest concerns about AI is its impact on jobs. "Businesses will not be firing everybody and replacing them with AI," he said, because this would cost companies more money than hiring humans. Hanke also took aim at some the AI industry's so-called visionaries, labelling them "charlatans and hucksters." The amount of money being poured into AI and its infrastructure is now counted in the hundreds of billions. Adata chairman Chen Li-bai, meanwhile, said an AI bubble should not even be discussed seriously until 2040 or even 2050.