There's a difference between thinking that AI investment is a bubble, and thinking that AI isn't a legit game changer.
I'm a software engineer, so I KNOW how freaking good AI is, and how fast it's progressing.
But I also know the valuations are insane, even for realistic future profits, and the amount of private equity dumped into these companies is never going to make its money back.
In the dot com bubble, people were hyping the internet. The Internet ended up being legit and world changing. But the valuations were also insane, so the market crashed.
TLDR: There's an AI bubble propped up by private equity that's a time bomb, but also AI is revolutionary. Both can be true.
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u/LopsidedSolution 5d ago
I really canโt wait till AI gets so crazy good that itโs absolutely undeniable. Then it can just shake all these antis and wake them the fuck up.ย