“All tech revolutions happen in a bubble,” said Alfred Chuang, general partner at San Francisco-based venture firm Race Capital, on stage at the Collision tech conference in Toronto on Tuesday. This moment for artificial intelligence is no exception, he said, and overinvestment is necessary to get AI technologies off the ground. (The Logic) 

Talking point: AI is the undercurrent running through the Collision conference this week. Enthusiasm for AI firms is in stark contrast to investors’ apathy towards most other sectors in a persistently challenging funding environment. Not all speakers at the conference agree that the bubble is a good thing. “A lot of fortunes will be lost,” said Kevin Colleran, managing partner at San Francisco-based Slow Ventures, who said the limited partners who invest in venture capital funds are eager to see returns on their investments, which most AI startups can’t produce at this stage. “If you want to invest in AI,” said Colleran, “there are seven publicly traded companies, you can just go buy their stock.”