Dot-Com lessons for the AI bubble
LONDON — It is a truth universally acknowledged that transformative new technologies rewrite the rules of finance. Or so we are told in numerous commentaries, social-media posts, and regulatory filings relating to the current artificial intelligence (AI) investment boom, which may well prove to be a bubble. Fundamentals can be overlooked for only so long. For those too young to remember the…
London — The current artificial intelligence (AI) investment boom may prove to be a bubble, just like the dot-com crash of the early 2000s. For those too young to remember the dot-com era, which included tech giants like Google, Napster, and Lastminute.com, there are valuable lessons to be learned from that time. The AI boom has mirrored the frenetic and inspiring atmosphere of the dot-com boom, but without the ominous talk of human extinction.
An engineer working at the infrastructure level, designing hardware and networks for revolutionary apps, recalls the mood of the time. A company presentation featured a picture of the Sierra Nevada mountain range, with text stating: “In 1848, you didn’t.”
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
