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It might just be very similar to the dotcom bubble. The trillion dollar question isn’t “is AI a bubble”, it’s “which of these companies are pets.com and which
by lxgr 1y ago
It might just be very similar to the dotcom bubble.
The trillion dollar question isn’t “is AI a bubble”, it’s “which of these companies are pets.com and which are Google (if any)”.
Even investing into a basket might not be a winning strategy even in a world in which AGI is imminent.
- rich_sasha 1y agoIt might be. By feel, it is different in that a lot of the AI investment is into real things, that hold non-speculative value: data centres, GPUs, training marketable and genuinely useful products. It's not food for pets but online and sent by email. But otherwise agreed.
- lxgr 1y agoBut that’s my point: The dot com bubble burst, yet the Internet still changed everybody’s life.