How is AI hard to understand when you enter a cafe and everyone is chatting with their LLM?
it was making money off those idea at the valuations expected that was problem.
the Internet really did revolutionize things, in substantial ways, but not to the tune of millions of dollars for pets.com
The difference now is that this is all (or mostly) idle cash being invested. The massive warchests built up by FAANG over the last decade are finally being deployed meaningfully rather than sitting in bonds or buying back stock. Much different scenario than companies with non-viable business models going IPO on a wish and a dream.
Will the contagion be limited to a few companies, or will the S&P crumble under the bubble's collapse?
(Like those people that casually assume that everyone has a therapist or a lawyer.)
And everybody used them.
Nowdays everybody see them as useless.
Not web chat rooms.
Discord is not.
Chats did not evolve to social media.
Facebook is a descendant of hotornot not icq or chats.
Ws was seen as free sms.
AI is more useful than social media. This is not financial advice, but I lean more toward not a bubble.
Communication is a fundamental human need.
Generating slop isn't.