Hacker News Reader

Comment by gkoberger | Hacker News Reader

I guess I wonder what people think the AI bubble is.

Are you worried about the high valuations of the big AI companies (OpenAI, Nvidia, etc)? Then sure, that will correct over time. There will likely be 1-2 big winners.

But if you're talking about AI in general... right now is the least amount of money companies will be spending on AI ever. It will only go up. This isn't crypto.

View on HN

But if the value add of AI fails to materialize like the current valuations are based on (as in the % of GDP impacted), then you’re going to see investors losing money on the investments.

> This isn't crypto.

Bitcoin is at $92k.

Sure, but crypto companies aren’t as in vogue anymore.

AI companies will someday just be called companies, much like how tech companies are just companies.

...do you not see the parallel in the words you just wrote? That AI's value will continue increasing even as the buzzwords fall out of the public consciousness, just as crypto continued to gain value even as the buzzwords fell out of the public consciousness?

(Paraphrase != endorsement.)

I think when most people talk about the "AI bubble bursting", they mean a dramatic end to this notion that AI is the "next big thing". Much like how we had Web3 and NFTs and all those other things that were going to change how we interacted with the internet.

Sure, my BTC is up, but I can go weeks or months without interacting with a blockchain in any way, directly or indirectly.

Valuations of individual AI companies might (and will) drop, but we are currently experiencing the least amount of AI in our everyday lives that we (or our children) ever will.

Crypto has had a strong boom bust cycle, dropping ~80%+ every four years or so.

Reply on news.ycombinator.com