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AI bubble and dot-com bubble: fundamental differences.
Investors often draw the parallel between the two. That's a mistake.
We are oblivious to the Segway, the IoT, cold fusion, space travel, that all greatly underdelivered, either out of technological infeasibility or poor product/market fit (no one wants a “connected dishwasher”). You couldn’t yet send dick pics to your hot coworkers (for some reason it was not considered a priority at the time), but you sure could share the source code of a program or “email” people in the network. You will have a hard time finding online doc on the “Shit, I need to redesign this part because our historical supplier went bankrupt and the new one can’t machine Al 2024 alloy to the required tolerances.
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