India, Dec. 5 -- Every few decades a new technology arrives, which promises to change everything. And often, it does. We saw computers, the internet, e-commerce, smartphones, and each transformed how we live and work. Artificial Intelligence (AI) will no doubt join that list.

But every revolution comes wrapped in its own hype. The technology is real, yet the timelines are always exaggerated. Right now, the hype around AI is racing years ahead of what it can realistically deliver.

That gap is visible in the extraordinary flow of money chasing AI dreams. Over the past year, ten unprofitable AI startups have seen their combined valuations surge to nearly a trillion dollars, according to Financial Times. US venture capitalists have invested...