I’ve been a CEO for 25 years. The AI hype and hysteria is getting old
- May 29
- 1 min read

FORTUNE — The way AI is being talked about today — especially in boardrooms, investor decks, and venture capital echo chambers — has stopped being thoughtful and started being hysterical. And candidly, in my day-to-day work running a fintech company, the hysteria simply doesn’t square with the reality.
I’ve lived through all of it: the internet, mobile, crypto, blockchain, cloud computing. All of them mattered. None of them mattered in the same way — and that distinction is exactly what today’s AI conversation keeps getting wrong.
The question I find most clarifying is this: “For a given company or business: Is AI more like the internet — or more like cloud computing?”
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