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The online tech space is reaching maturity. It went from nothing in the 90s to the global scale industry we have today. The winners have been chosen and the rea
by delfinom 3y ago
The online tech space is reaching maturity. It went from nothing in the 90s to the global scale industry we have today. The winners have been chosen and the reality is infinite growth does not exist, infinite ideas do not exist.
But for 2 decades it seemed like tech was the be it all path for infinite growth. VCs pumped in hundreds of billions of dollars into the industry. Marketing painted everything as the next big thing as the money flowed and you had 3000 clone startups for every potential SaaS.
The money tap has run out (interest rates being one factor, but cracks were showing even before this), the bills are coming due. The industry is consolidating.
AI however is the last big hurrah for the industry. Investors and companies see it potentially as a big new exlosive growth space.
Yes, the entire stock market right now in the US is being held up by all the AI sentiment. Though it's starting to deflate.