Hacker News Reader

The AI bubble will be like the dot com bubble. There is too much hype and lots of investors will lose money. But at the same time, lots of successful and world-changing businesses will be created.

Does that mean the AI emperor has no clothes? I don't think so.

View on HN

Most of the self-proclaimed 'emperors' have no clothes

The actual emperors? They are dressed (or, at least, in the fabric section of the hobby store and have a sewing machine at home)

It might be like the dot com bubble, where eventually a few winners emerged that went on to be hugely valuable. It could also be like the tulip bubble, where eventually prices collapsed and never recovered. Or for a more modern example, the NFT bubble.

I'm not saying that all bubbles build real businesses that have a big impact on the world, I am saying specifically this AI bubble will do so.

I've already seen enough significant, real-world value being created by AI technology that I am a believer that it will have a big impact. It will also destroy a lot of investment money along the way, but that's just normal bubble stuff.

Reply on news.ycombinator.com