> During the dotcom bubble, companies IPOed with no revenue and no profit. In 2024, OpenAI is probably at $2 - $3 billion in revenue right now. All the companie

> During the dotcom bubble, companies IPOed with no revenue and no profit. In 2024, OpenAI is probably at $2 - $3 billion in revenue right now. All the companies benefiting the most from AI are established companies such as Microsoft, Apple, Nvidia, TSMC. We haven't had any pure AI companies IPO with no revenue in 2024 as far as I know. Heck, I'm not even sure if there is an AI company that IPOed in 2024. The market is much smarter to scrutinise and punish companies attempting to IPO and underperform in the public markets like what we have seen with WeWork and the other SPAC companies that failed to go anywhere. Once again, companies with little to no-revenue and especially no-profit are getting valued at >$1B all because they slap 'AI', 'LLM' nonsense to inflate their valuations. That is already a dotcom bubble level hype. The reality is, the existing big tech companies (Microsoft, Apple, Meta, Google, Nvidia, etc) will take all the value of LLMs and will bankrupt the late comers except for the advanced few such as (OpenAI, Anthropic and Cerebras Systems)