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Ask HN: Is the rise of AI tools going to be the next 'dot com' bust?

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Re: Ask HN: Is the rise of AI tools going to be the next 'dot com' bust?

#41

Post by prohobo »

Yes and no, for the respective reasons:

- Yes, I think people are already wary and have "AI fatigue" from all the chatbots and AI add-ons people have released over the past 2 years. It's already hard to convince people that your AI project isn't a wrapper flip.

- No, it's fundamentally useful in almost every industry, context, and environment.

Very similar to the 2000's internet on the one hand, and orders of magnitude more useful on the other. The difference that I see happening is like "AI literacy" taking over and thousands of failed startups getting immediately overrun by thousands of viable startups.

Re: Ask HN: Is the rise of AI tools going to be the next 'dot com' bust?

#42

Post by agent008t »

mattbrewsbytes wrote: post #20
alberth wrote: post #8

I think it’s similar in that… - Everyone knew the Internet (and now AI) was going to be transformational. - It was clear it would reshape economies and open up entirely new possibilities. - But no one really knew what the killer use case would be, or how big any given Internet (now AI) business might get. So, like a gold rush, huge amounts of money poured in, and everyone hoped their idea would turn into the next mas…

Cisco still exists and was a winner for a long time. The company that emerged hugely successful out of the dot com era was Amazon, they dominate ecommerce today. Take a look further back to the Personal Computer era in the 80's into early 90's. There were tons of PC makers out there, IBM became dominant but they haven't been in that business for a long time now. Microsoft was the enormous winner coming out of that. W…

By late 2001, Amazon share price collapsed by 94% from it's peak in late 1999! It did, however, fully recover by late 2009.
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