Jeffrey Funk
Also known as Jeffrey Lee Funk, Jeffrey L. Funk, Jeff Funk
Jeffrey Funk is a technology writer and former professor whose work examines technology economics, investment bubbles and AI hype. After working in a semiconductor factory, he earned a PhD at Carnegie Mellon and researched computer-integrated manufacturing at Westinghouse. At Hitotsubashi, he studied mobile industries and wrote books about the mobile Internet and new industries. His essays, Salon articles and podcast appearances examine technology hype through AI chatbots and large language models. As of October 2026, he is an independent technology consultant and a fellow of the Walter Bradley Center for Natural and Artificial Intelligence, and he writes about the AI bubble.
- Now at
- Discovery Institute
- Born
- 1956
- Links
Years link to their sources.
Timeline
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By 1987
PhD and a CIM working paper
After working in a semiconductor factory for two years, he earns a PhD at Carnegie Mellon. By 1987, he is at Westinghouse’s R&D center, where he and Robert U. Ayres write an IIASA working paper on estimating the economic benefits of computer-integrated manufacturing (CIM) technologies.
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2004
Mobile Disruption at Hitotsubashi
At Hitotsubashi University, he is a professor of business and studies 19 electronics industries through its Institute of Innovation Research. Wiley publishes Mobile Disruption in 2004 on technologies and applications driving the mobile Internet. His consulting includes NTT DoCoMo, Nokia and KPN, and in 2004 he urges mobile service providers to focus on apps.
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2004
An NTT DoCoMo award
He wins the NTT DoCoMo Mobile Science Award in 2004 for research on the social science aspects of mobile communication.
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2013
Technology Change and New Industries
In 2013, Stanford University Press publishes his book Technology Change and the Rise of New Industries, which examines why new industries emerge at specific times and in certain countries.
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2019
Technology economics and hype
Across his career, he holds faculty posts at Penn State, Kobe, Hitotsubashi and the National University of Singapore; at NUS, he teaches a course on the economics of new technologies for seven years. In fall 2019, Issues in Science & Technology publishes his essay “What’s Behind Technological Hype?”; Scientific American publishes “The Downside of Tech Hype” in November 2019.
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February 2023–March 2024
AI chatbots and Salon essays
A retired professor, he writes a series of Salon essays on AI chatbots with Gary N. Smith. In February 2023, their essay “AI chatbots are having their ‘tulip mania’ moment” compares investor excitement over ChatGPT and Google’s LaMDA to speculative mania and recounts LaMDA’s wrong answer about the James Webb Space Telescope. In March 2024, he discusses AI hype and GPT-3’s limits with Robert J. Marks on Mind Matters.
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October 2024–March 2025
Unicorns, Hype, and Bubbles
In October 2024, Harriman House publishes his book Unicorns, Hype, and Bubbles, which offers tools to assess bubbles in cryptocurrencies, the metaverse, self-driving vehicles and delivery drones. In March 2025, he discusses the book and the likely bubble around generative AI with Lee Vinsel on New Books Network.
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As of October 2026
A fellow writing on AI bubbles
As of October 2026, he is an independent technology consultant and a fellow of the Discovery Institute’s Walter Bradley Center for Natural and Artificial Intelligence. In December 2025, he publishes “The Generative AI Bubble Has Begun to Pop”; in September 2026, he writes “What’s Unique About AI? Every Bubble is Different.”
Career
- NowDiscovery InstituteFellow
- Hitotsubashi UniversityProfessor of Business
- Pennsylvania State UniversityFaculty
- National University of SingaporeFaculty
Education
Sources and credits
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- Jeffrey Funk - Is There an AI Bubble Coming?
- Social Benefits of CIM: Labor and Capital Augmentation by Industrial Robots and NC Machine Tools in the Japanese Manufacturing Industry (Paper II)
- Mobile Disruption – Exclusive Books Online
- Technology Trajectories and the Birth of New Industries
- The Downside of Tech Hype | Scientific American
- Technology Change and the Rise of New Industries - Jeffrey L. Funk - Google Books
- Jeffrey Funk, Author at ProMarket
- Combatting Tech Hype
- Jeffrey Lee Funk - Salon.com
- AI chatbots are having their "tulip mania" moment - Salon.com
- The State of Innovation and the Impact of AI | Mind Matters
- Jeffrey Lee Funk on Unicorns, Hype, and Bubbles: A Guide to Spotting, Avoiding, and Exploiting Investment Bubbles in Tech - New Books Network
- Unicorns, Hype, and Bubbles by Jeffrey Funk - Harriman House
- Jeffrey Funk | Discovery Institute
- The Generative AI Bubble Has Begun to Pop | Mind Matters
- What’s Unique About AI? Every Bubble is Different | Mind Matters