Over the last three years, companies worldwide have invested between 30 and 40 billion dollars into generative artificial intelligence projects. Yet most of these efforts have brought no real business…
The AI bubble is going to be like the dot com bubble I think, but with the world being so heavily financialized it might spiral into something like 2008 or worse…
That’s true yeah, there is a lot less retail investment in those companies.
What is similar to the dot com bubble though is many “smaller” companies (i.e. not Google or Meta) are buying into AI as an investment into infrastructure for their company, just like was happening with useless websites during the dot com bubble.
The AI bubble is going to be like the dot com bubble I think, but with the world being so heavily financialized it might spiral into something like 2008 or worse…
It won’t be like the dot com bubble. The AI bubble is far more corporate investment with far fewer entities having money thrown at them.
Yeah, most individuals don’t have money to invest in techbros’ latest boondoggle.
Which means we’ll be paying for their bailouts instead.
That’s true yeah, there is a lot less retail investment in those companies.
What is similar to the dot com bubble though is many “smaller” companies (i.e. not Google or Meta) are buying into AI as an investment into infrastructure for their company, just like was happening with useless websites during the dot com bubble.