The excitement around AI is everywhere, but is it backed by real-world application? This episode tackles the bubble question head-on, sparked by a listener's query. Stephen Yiu and AI specialist Mo Mulla separate the spenders from the suppliers, arguing that the real opportunity lies with the "picks and shovels" of the AI revolution. We explore the staggering growth of Asian tech, the future of AI in medicine and robotics, and how to spot lasting value amidst the noise. If you're wondering how to invest in AI without getting burned by the hype, this episode is for you.Capital at risk. Views we express on companies, asset classes and markets do not constitute Investment Recommendations and must not be viewed as such. Past performance is not a guide to future performance. This communication is issued by Blue Whale Capital LLP which is authorised and regulated by the Financial Conduct Authority.