Why is there so much negativity and fear mongering surrounding the AI revolution?

Almost every time the media talks about AI and technology, there are always critics throwing out phrases like “the bubble is about to burst” or “all these billions spent on data centres won’t generate enough ROI,” claiming that big tech is wasting resources on infrastructure.

As humans, we tend to fear the unknown especially when something goes beyond our current understanding. Many of these are the same people who missed the train a few years ago when the Magnificent 7 were on a rapid rise, and are now trying to stir fear among retail investors by spreading misleading narratives.

To be clear, I’m not a tech expert nor am I blindly bullish on the sector. But spreading hate and fear-mongering about something you don’t fully understand is rather ironic. These trillion dollar tech companies are run by highly accomplished business leaders what makes anyone think they would consistently invest in businesses and infrastructure that don’t generate returns for themselves and their shareholders?