AI Companies Face Potential Bust Bigger than Dot-Com Crash
Summary
Artificial intelligence companies are facing a potential bust larger than the dot-com crash, as they are more overvalued than dot-coms in the early 2000s, with the AI boom being bigger, raising concerns that their empires may crumble when the world realizes AI does not justify their massive valuations.
Key Points
- Artificial intelligence companies are more overvalued than dot-coms in the early 2000s
- The AI boom is bigger this time, so the bust could be even worse
- When the world realizes AI does not justify hundreds of billions in investment, these companies may find their ephemeral empires crumbling