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Of course it's a bubble. The question is, who will survive it popping? Just because it's a bubble doesn't prove that there's no there there at all. It proves t
by jfengel 2y ago
Of course it's a bubble. The question is, who will survive it popping?
Just because it's a bubble doesn't prove that there's no there there at all. It proves that there are too many players trying to be among the handful of survivors, and most of them will fall by the wayside. The winners of the dotcom boom are among the largest corporations on the planet now.
Now... I'm somewhat skeptical of the AI technologies. I strongly suspect that they will not lead to AGI, and that the utility of even the best "AI"s will be limited. So I don't think there's an Amazon forthcoming. But there could well be some "unicorns" (billion-dollar corporations), and that will make the winners quite comfortable.
Plus, of course, I could well be wrong. Maybe it's gonna be AGI, and that would be the biggest thing ever. Like, a quadrillion dollar company. I don't think so, but aren't you at least a little tempted to buy a ticket to a 15-digit lottery?