I’m honestly hoping for a repeat. Hopefully Microsoft goes down this time too, since they’re heavily into AI. Twitter, Meta, Google and Amazon too. It’s really just the worst of the worst.
This is no revelation. THEY KNOW. The play is obvious.
Not one these investors wants to risk missing out on being the next Google or FaceBook or Twitter or Amazon. They know damned well the vast majority will fail. They’re gambling on not being the one left holding the bag.
AI is here to stay, will continue to improve, and there will be a killer app, probably a dozen. My money is on life sciences, particularly medicine.
This makes the dot-com bubble look like a kiddie pool - at least those companies were trying to build actual products, while today’s AI spending is burning through more money than the GDP of most countries just to have the biggest model with no clear path to profitability beyond “trust us bro”.
They’re different, and I think this one has the capability of being more devastating.
The dot-com bubble was really broad. Hundreds or thousands of companies, all without vowels in their names trying to break new ground. A wild west style gold rush. When it popped a lot of small companies went bankrupt.
This is a handful of companies with billions of capital buying GPUs from NVidia to be make the largest hungriest machine they can. All in the pursuit of being first to create “AGI”. If one of them succeeds, the others are toast and multiple 500+B dollar companies will collapse in on themselves. If none of it works, the same thing happens and it takes a large chunk out of $4T Nvidia too.
Anyone remember the dot-com bubble?
I’m honestly hoping for a repeat. Hopefully Microsoft goes down this time too, since they’re heavily into AI. Twitter, Meta, Google and Amazon too. It’s really just the worst of the worst.
This is no revelation. THEY KNOW. The play is obvious.
Not one these investors wants to risk missing out on being the next Google or FaceBook or Twitter or Amazon. They know damned well the vast majority will fail. They’re gambling on not being the one left holding the bag.
AI is here to stay, will continue to improve, and there will be a killer app, probably a dozen. My money is on life sciences, particularly medicine.
This makes the dot-com bubble look like a kiddie pool - at least those companies were trying to build actual products, while today’s AI spending is burning through more money than the GDP of most countries just to have the biggest model with no clear path to profitability beyond “trust us bro”.
They’re different, and I think this one has the capability of being more devastating.
The dot-com bubble was really broad. Hundreds or thousands of companies, all without vowels in their names trying to break new ground. A wild west style gold rush. When it popped a lot of small companies went bankrupt.
This is a handful of companies with billions of capital buying GPUs from NVidia to be make the largest hungriest machine they can. All in the pursuit of being first to create “AGI”. If one of them succeeds, the others are toast and multiple 500+B dollar companies will collapse in on themselves. If none of it works, the same thing happens and it takes a large chunk out of $4T Nvidia too.