From hype to bubble: a historical analysis of technology trends and the case for artificial intelligence
Keywords:
Artificial Intelligence, Technology Advancement, AI Butterfly Theory, Technology Trends, AI FutureAbstract
Technological advancements often undergo a hype cycle that initial enthusiasm and heavy investment lead to inflated expectations, followed by eventual market corrections. This article examines historical cases of technology hype and decay, including the dot-com bubble, Google Glass, and 3D televisions, drawing parallels to the current surge in artificial intelligence (AI). With generative AI experiencing unprecedented investment and integration across industries, concerns arise regarding its long-term viability and realistic impact. Through the AI Butterfly Theory, this study highlights the stages of AI evolution, emphasizing the need for balanced expectations and strategic investment to avoid repeating past technology booms and busts.
Author Biography
Hamed Taherdoost, Department of Arts, Communications and Social Sciences, School of Arts, Science and Technology, University Canada West, Vancouver, BC V6B 1V9, Canada
Dr. Hamed Taherdoost is an award-winning leader in research and development, known for his contributions across both industry and academia. He is the founder of Hamta Business Corporation, Associate Professor and Chair of RSAC at University Canada West, & Director of R&D at Q Minded | Quark Minded Technology Inc. He has over 20 years of experience in both industry and academic sectors. He has worked at international companies from Cyprus, the UK, Malta, Iran, Malaysia, and Canada and has been highly involved in development of several projects in different industries, healthcare, transportation, residential, oil and gas and IT. Additionally, he has served as a trusted technical and technology consultant for multiple companies, providing advisory and mentorship.
In academia, Dr. Taherdoost has held teaching positions in Southeast Asia, the Middle East, Europe and North America since 2009. He began his academic career as a lecturer at AU & PNU and later served as an adjunct professor, dissertation chair and faculty fellow at Westcliff University, USA, & adjunct professor and thesis supervisor at Gisma University of Applied Sciences, Germany. His research tenure at IAU lasted over eight years, during which he supervised numerous students.
Dr. Taherdoost has a prolific publishing record, with over 300 scientific articles in top-tier journals and conference proceedings. His work is widely recognized, with a strong citation impact reflecting in a high h-index (50), and his contributions span book chapters, edited volumes, and authored books focusing on technology and research methodology. His textbooks on E-Business and Digital Transformation are teaching at global institutions, including the University of Malta, the University of Macau, and University Canada West. His research accomplishments have earned him a place among the top 10 SSRN Business Authors from 2022 to 2024, as well as being featured in the Stanford-Elsevier list of the world's top 2% of Scientists in 2021, 2022 2023 and 2024.
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