Comment by ripvanwinkle
10 days ago
This shouldn't be a surprise - capitalism always overshoots. Anything worth investing in will generally receive too much investment in because very few people can tell where the line is.
And that's what causes bubbles but at this point it should be clear that AI will make a substantial impact - at least as great as the internet, likely larger
As FB IPO’d at 100bn, and marched to over 1T, when would you have considered it a bubble? You can ask the LLM if you need to … catch my drift?
I'm not sure I see the point. The march to $1T took 10 years with available financial statements.
You made the point for me. That 100bn doubled every 2-3 years. It wasn’t a bubble, but it absolutely looked like one. This will be a bitter lesson too.