4 ms·
There are some. But more importantly, many of those those who know it is a bubble find value in it. Bubbles pop, but they don't always vanish entirely. Sometim
by jfengel 2y ago
There are some. But more importantly, many of those those who know it is a bubble find value in it.
Bubbles pop, but they don't always vanish entirely. Sometimes they do: tulips, NFTs, Mississippi. But many have a nugget of value in there, and when the bubble pops, the people who got it right still made a ton of money.
The dotcom bubble produced the FAANGs. People who invested in competitors lost everything, but if you bought stock in one of those, early on, you did pretty well.
Today, you can invest in 10 AI companies. Nine will fail; one will be worth 100x what you bought it.
Maybe. Or the entire thing could prove to be a vast boondoggle of no value whatsoever.
I think it's closer to the former than the latter, even though I don't believe they're on the path to general AI and will get only incremental improvements from here. But I'm also not investing right now.