How are you getting 5? In recent memory, there's only 3: dotcom bubble (2000), GFC (2008), covid (2020). You'd either have to go back in time even more (eg. savings and loan crisis in the 80s/90s), or include regional ones (eg. eurozone crisis) to hit 5.
I don't think anyone is expecting Amazon (or Google or Microsoft for that matter) to be taken out by the AI bubble.
I would expect to see OpenAI, Anthropic, and a lot of the little tool wrappers to get taken out though, or at least acquired for pennies on the dollar when it bursts.
But like the last one, it's going to be us, the tax payers, that are left holding the bag.
Why taxpayers? Where’s the systemic risk in AI labs getting acquired for cents on the dollar? The taxpayers weren’t holding the bag during the dot com crash, just investors.
During the dot com crash, none of the companies were "too big to fail" This is looking more like 2008 than dotcom, the entire market is being propped up by basically Nvidia. US GOV is likely to bail them out for "national security"
this is the latest mantra from people who have missed the boat. i'm like lol do you think that industry didn't learn anything (about financing structures) from the last one?
