This is just dotcom 2.0, except now people are throwing Billions into every single idiotic idea out there. There's fucking toothbrushes with "AI" functionality now.
It was billions back then too. There were internet connected toothbrushes. Hundreds of millions of dollars went to completely idiotic startups.
It’s just a good rush. It’s happened before, it will happen again. It’s not even irrational; trillions of dollars were made by the dot com era companies that did succeed. I have no doubt AI will be the same.
But since nobody knows who will be successful and there’s tons of money sloshing around, a lot of / most of it is going to be wasted in totally predictable ways.
