Comment by Der_Einzige
14 days ago
The “AI is in a bubble crowd” still has no answer to “why didn’t the tech bubble pop in 2022?”
Snowflake bought streanlit (a bad python UI/UX) for 800 million in 2022. I still have not seen a single deal even close to that bad post 2023, and especially post interest rate hikes.
https://datafortune.com/snowflake-acquires-streamlit-for-usd...
Actually investing in AI is smart and will deliver unfathomable ROI. AI bears deserve to reap what they (don’t) sow.
unfathomable. The imagination has no limits. It could be billions, trillions even! The fact we do not know only means we don't know how high the ceiling can be. It could even be gazillions!
"It could even be a boat!" :-)
https://www.youtube.com/watch?v=yZpIog7e-R4
Many people are saying this!
> The “AI is in a bubble crowd” still has no answer to “why didn’t the tech bubble pop in 2022?”
Are these things related? Why is the tech bubble popping in 2022 a necessary condition for current AI hype being a bubble?
The answer seems very straightforward? The bubble did pop, as you can clearly see in a number of stocks like Comcast. But OpenAI also released a genuinely impressive innovation in ChatGPT, which reinflated it for AI and AI-adjacent companies. Whenever the next recession comes, investors will start to ask more serious questions about whether another ChatGPT-level innovation is on the way, and even from my relatively AI-sympathetic stance the answer seems to be no.
> The “AI is in a bubble crowd” still has no answer to “why didn’t the tech bubble pop in 2022?”
I mean, the Fed funds rate was at 0.25%. Free money helps, for a while.