this post was submitted on 21 Oct 2024
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Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts (www.tomshardware.com)
submitted 1 month ago by [email protected] to c/[email protected]
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[–] [email protected] 14 points 1 month ago (1 children)

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.

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago)

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).