this post was submitted on 21 Oct 2024
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So, I have clients that are actively using AI on a daily basis and LOVE it. It is however a very narrow subset. Also, I’m pretty sure that a LARGE amount of Dollars are currently being spent on AI generated political articles.
The web didn't die after the dot com bubble burst. The AI bubble will burst, but a smaller niche of companies will continue to exist.
The dot com crash was because tech companies were massively overvalued and didn't have a proper business plan or profit. I definitely see some similarities with the AI bubble, especially with the large unprofitable companies like OpenAI. OpenAI isn't estimated to become profitable until 2029, and there's a lot of unknowns between now and then (e.g. maybe they'll be forced to license content they use for training).