It definitely feels identical. We had companies that never had any hope of being profitable (or even doing anything related to the early internet to begin with), but put .com in your name and suddenly you are flooded with hype and cash.
Same thing now with AI. The capital is going to dry up eventually, no one is profitable right now and its questionable whether or not they can be at a price consumers would be willing or able to pay.
Models are going to become a commodity, just being an "AI Company" isn't a moat and yet every one of the big names are being invested in as if they are going to capture the entire market, or if there even will be a market in the first place.
Investors are going to get nervous, eventually, and start expecting a return, just like .com. Once everyone realizes AGI isn't going to happen, and realize you aren't going to meet the expected return running a $200/month chatbot, it'll be game over.
Same thing now with AI. The capital is going to dry up eventually, no one is profitable right now and its questionable whether or not they can be at a price consumers would be willing or able to pay.
Models are going to become a commodity, just being an "AI Company" isn't a moat and yet every one of the big names are being invested in as if they are going to capture the entire market, or if there even will be a market in the first place.
Investors are going to get nervous, eventually, and start expecting a return, just like .com. Once everyone realizes AGI isn't going to happen, and realize you aren't going to meet the expected return running a $200/month chatbot, it'll be game over.