This is exactly why all these people talking about a “bubble” I think are misguided. Are expectations way too high in the near term for tech companies and all of the crap that they’re talking? 100% totally agree. But this is “just another an AI cycle” and if you’re a practitioner it does look different than the previous ones. However this kind of statement was not released for crypto, or for the Internet. Those were…
> This is exactly why all these people talking about a “bubble” I think are misguided. A bubble doesn’t say anything about how useful the underlying technology is. We are in an AI bubble, in the sense that the allocated resources is completely out of line with the underlying businesses. AI companies would literally need the entire world as their TAM, using their services non stop to justify the valuations and level o…
That’s not true. Apple alone is valued higher than the largest three AI companies combined.