While there was certainly a software bubble during the early internet, it still took obscene amounts of investments in brand new technologies in the late 90's. Entire datacenters full of hardware modems. In fact, 'datacenters' had to become a thing.
Then came DSL, then came cable, then came fiber. Countless billions of dollars invested into all these different systems.
This AI stuff is something else. Lots of hardware investment, sure, but also lots of software investment. It is becoming so good and so cheap its showing up on every single search engine result.
Anyway, my point is, while there may have been aspects of the early internet being a bubble, there were real dollars chasing real utility, and I think AI is quite similar in that regard.
Then came DSL, then came cable, then came fiber. Countless billions of dollars invested into all these different systems.
This AI stuff is something else. Lots of hardware investment, sure, but also lots of software investment. It is becoming so good and so cheap its showing up on every single search engine result.
Anyway, my point is, while there may have been aspects of the early internet being a bubble, there were real dollars chasing real utility, and I think AI is quite similar in that regard.