Every bubble looks obvious in hindsight. The dot-com crash left behind Amazon and Google. The crypto crash left behind Coinbase and a few real revenue generating companies. If this is the AI bubble, then the survivors are going to look very obvious in a decade, we just don’t know which ones yet.
Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
11–20 of 668 posts
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#12"Commodity Tokens"
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#13Earlier quoted context omitted.
How is AI hard to understand when you enter a cafe and everyone is chatting with their LLM?
dotcom bubble had tons of activity, too. 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
>dotcom bubble had tons of activity, too.
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.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#14I think most level-headed people can see this is a giant bubble which will eventually burst like the dot-com crash. And AI is technology that's hard to understand to non-technical (and even some technical) investors. But of course, every company needs to slap AI on their product now just to be seen as a viable product. Personally, I look forward to seeing the bubble burst and being left with a more rational view of A…
I too am waiting for the bubble to burst. Particularly because I think it's doing real harm to the industry.
Every company seems to be putting all their eggs in the AI basket. And that is causing basic usability and feature work to be neglected. Nobody cares because they are betting that AI agents will replace all that. But it won't and meanwhile everything else about these products will stagnate.
It's a disasterous strategy and when it comes crashing down and the layoffs start, every CEO will get a pass on leading this failure because they were just doing what everyone else is doing.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#15[stub for offtopicness] (title fixed now)
@dang
Title needs to be changed to something like
"Bezos says AI is in industrial bubble yet promises huge benefits"
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#16> “That is what is going to happen here too. This is real, the benefits to society from AI are going to be gigantic.”
As an owner of a web host that probably sees advantage to increased bot traffic, this statement is just more “just wait AI will be gigantic any minute now, keep investing in it for me so my investments stay valuable”.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#17[stub for offtopicness] (title fixed now)
Very misleading clipping of the headline imo
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#18Seems like a measured approach- my read is him saying it’s probably a bubble in that bad ideas are being funded too, but there are a lot of really good ideas doing well. Also nit: Typo right in the digest I assume, assuming “suring” is “during”, does cnbc proofread their content?
Apparently not. An LLM proofread would've definitely caught that
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#19Seems like a measured approach- my read is him saying it’s probably a bubble in that bad ideas are being funded too, but there are a lot of really good ideas doing well. Also nit: Typo right in the digest I assume, assuming “suring” is “during”, does cnbc proofread their content?
Typos are proof something wasn't Ai written. Everyone should make at least one tyop in their writing.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#20Earlier quoted context omitted.
dotcom bubble had tons of activity, too. 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
>dotcom bubble had tons of activity, too. 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.
It's a question of how far the contagion goes - the Dotcom bubble trashed the NASDAQ and rumbled the world a bit, but the "big stocks" weren't directly involved or affected much; the subprime mortgage bubble shook the very foundations of the banking world.
Will the contagion be limited to a few companies, or will the S&P crumble under the bubble's collapse?