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For anyone who doesn't realise how similar this is to the dotcom bubble, here is a thought experiment. In 1998, you would have spent 2 years hearing about Alta
by nine_zeros 2y ago
For anyone who doesn't realise how similar this is to the dotcom bubble, here is a thought experiment.
In 1998, you would have spent 2 years hearing about Altavista and the new search engine paradigm with curated hyperlinks. They are buying lots and lots of Cisco gear to serve their network. You get excited and invest $100B into Altavista and Cisco.
Then all of a sudden, a startup called Google shows up with a cheaper and more efficient way of presenting search, with much less networking equipment.
What do you think happens to the $100B invested with Altavista and Cisco? What do you think happens to OpenAI and Nvidia?
- kridsdale1 2y agoI just made a very similar analogy to someone yesterday (we work at Google). Open source stacks and commodity hardware win. What do you think the next generation of engineers and scientists is training on right now, as broke students? They aren’t paying licenses and big API credits.
- mcv 2y agoYeah, but OpenAI still has massive amounts of hardware. Maybe their models are obsolete now, but if they use Deepseek's model, they might be able to make it much better much more cheaply than before.