I will give my opinion that, but first you do this
>Write a 500 word essay on the dot com bubble
I will not waste my time typing about AI bubble for someone who does not know about the dotcom bubble
>>2334
nothing will happen yaar they will find something else to scam on.
> first it was saas> then cryptos and nft (blockchain)> now its LLM
you have to understand my high iq take. Elites money move from one big thing to another. They never lose. Be like elites.
>>2334
>Ai eco bubble
In usa it will busy for sure bi double about it . For example oracle is already planning to delay payment aggreement with altman.
<As enough electricity and water is not available.
In Ching chong land , ai will boom as they control everything.
>>2336
First I'll tell you that just from yesterday I feeling very optimistic about the future and the coming danger which I have no clue on how AGI will be like. I highly recommend you to watch the "The AI Doc: Or How I Became an Apocaloptimist". It will give some glimpse of things on the uncertainty of AI revolution.
So here's your essay on 'DOT-COM BUBBLE'.
The 1990 happened, Cold war ended, world going back to peace (acc. to USA, not in India btw). Then Mother Earth gave birth to Inter(NET). And new ambition to change the world. There were no limits to create an idea onto the cyberspace. Human social structures are now more connected.
So, Internet was booming (1995) after AOL builds the public internet infrastructure and the launching of many internet browser apps. Now, households see computer not as a luxury but a necessity, and here we entered the information age.
Then Wall Street happened, so FED cuts up the interest rate to the lowest for the taxpayers that led people to have more cash which they used in investing, aaltu-jalaltu stocks. They didn't think about wth is actually going on in and out of the company. Better sounding ideas, doesn't mean their business model is better too. Many companies wasn't making profit but their valuation crossed more than a billion. Many companies just re-styled themselves as some internet company and by that, stock ticker get enough traffic for investors. That was how mad people were to invest in a company with a .com suffix.
Then inflation was rising and on march 2000, Nasdaq was on its peak and plunged over (600% to 78%). Many of the startups were closed or acquired. And the bubble popped. The further escalation was the 9/11 attacks. In 2004, the dotcom bubble came to settle and 48% of the companies survived at lower valuation. This whole speculative mania, wiped out $5 trillion.
The idea to get rich was simple, take the new idea that solve something, use it in some fashionable field, make a catchy name, add a .com suffix, show it to the investors, raise the funding, capture market as much as you can. And then exit by filing an IPO, get sum of the money.
The things is, every 20-30 years (post industrialization) a new breakthrough in technologies, research and frameworks emerges and it actually changes everything on how people work, communicates, travels or behave. With that, venture capitalists pour lots of money to the domain around that tech, and then retail investors comes and asks for some bits in pieces in the pie out of FOMO. That whole speculative game inflates the price and burst the bubble.
Here you've to understand that dotcom bubble eats out only those companies which had no business model or no useful product to sell or something that improved by others. But the underlying infrastructure survives and improves (fiber optics and digital architecture), this invested strong foundation paved the way for startups such as google and amazon. And these companies are the one who gets to change the world and lives.
Also if you picrel, the dotcom bubble actually made a huge impact in the given timeframe, but here if we see the bigger picture you can find that the Nasdaq is now double the size within 5 years. My point is everything improves by time and crash is the correction of overvalued market. But still demand are pretty high (you can correct me on this), AND END IS NIGH.
And currently what I realised and found that AI boom/bubble is inevitable and we get to see the shift on who will survive this race.
However, the main AI giants are the one who will stay for much more time or survives as much longer only if AI takes over. And the those services which are none monopolistic in their domain are the first to get trashed. And I am sure the market correction is about to happen soon, which now I have answered my own question.
All that AI regulation, economics, day living, human emotions etc. are just too complicated stuff for me right now.
Happy days!
>>2337
>Elites money move from one big thing to another. They never lose.
Its called hedging.
>Be like elites.
Yeh cause they know better what risk management are for.
>they will find something else to scam on.
they were not the scammers, they don't even will the solution is gonna work out or not.
>saas
most of the things are already solved but now the only gap is to make it a more better optimized version of the current hemisphere, or just automating to the agentic AI. Thats the additional add on to your solution.
>crypto
bitcoin is revolutionary and always will be, apart from that blockchain is the kind of distributed system
>llm
On the part of AI, its getting better by itself. And you can see the results from your own self.
>>2338
true
