It was billions back then too. There were internet connected toothbrushes. Hundreds of millions of dollars went to completely idiotic startups.
It’s just a good rush. It’s happened before, it will happen again. It’s not even irrational; trillions of dollars were made by the dot com era companies that did succeed. I have no doubt AI will be the same.
But since nobody knows who will be successful and there’s tons of money sloshing around, a lot of / most of it is going to be wasted in totally predictable ways.
It’s just a good rush. It’s happened before, it will happen again. It’s not even irrational; trillions of dollars were made by the dot com era companies that did succeed. I have no doubt AI will be the same.
But since nobody knows who will be successful and there’s tons of money sloshing around, a lot of / most of it is going to be wasted in totally predictable ways.