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Does anyone here who lived through the dotcom bubble feel like we're in a similar situation with AI? I am excited about AI and recognize its potential. However,
by cebert 1y ago
Does anyone here who lived through the dotcom bubble feel like we're in a similar situation with AI? I am excited about AI and recognize its potential. However, the increasing number of business deals like this one is raising my concerns that we may be heading toward a harsh bubble.
- tim333 1y agoIt seems to be the general consensus. I'm not sure the investment up until now is that crazy but the proposed deals going forward making huge investments based on iffy financial engineering like this deal seem quite bubbly.
- UncleOxidant 1y agoYeah, it feels like deja vu. The speed of this bubble inflating, though, is much faster. It's feeling very dangerous and the longer this goes on the more dangerous it gets. I saw something yesterday that said AI spending is propping up 40% of US GDP right now. That would mean that this bubble popping would probably have a bigger effect over a bigger part of the economy than the dotcom bust. It feels like the dotcom bubble was recent to those of us who lived through it, but 25 years is about a generation. But a lot of the people in the markets now (and running companies) were kids back then and thus weren't really aware of what was going on.
- coliveira 1y agoMost definitely yes. We see all signs of companies receiving money at incredibly high valuation without any business plan. It is a ticking time bomb. We just don't know how long the madness will continue.