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So Far, AI Is a Money Pit That Isn't Paying Off (gizmodo.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

Ever since the Internet Bubble crashed around 2000 that the business community in the Valley has been repeatedly trying to pump up a new bubble, starting with what they called Web 2.0 which started being hyped maybe even before the dust settled on tha crash after the first Tech bubble.

And if you think about it, it makes sense: the biggest fortunes ever made in Tech are still from companies which had their initial growth back then, such as Google, Amazon and even Paypal (Microsoft and Apple being maybe the most notable exceptions, both predating it).