I see lots of talk on Lemmy about the AI bubble bursting. That AGI isn’t going to happen in the near-term, maybe it won’t ever happen. And so the the AI bubble will burst; ala the dot-com bubble.
But what exactly will burst? OpenAI and Claude? Those are private companies so maybe they will downsize or merge, but that’s not a bubble? NVIDIA & Microsoft? I don’t really see those companies imploding. They have a pretty large and diversified customer base. Besides, Apple and AWS are already moving away from NVIDIA by making their own hardware. I genuinely don’t understand where the big implosion is. Can someone help me understand this?
ETA: Is there an example analogous to pets.com for this AI bubble?
Super informative, thanks!
Somewhat relevant, I would like to recommend this one: https://thedailywtf.com/articles/classif-wtf-the-virtudyne-saga
It’s a fun read about a company that grew because of the 90’s IT bubble, and how it all came crashing down when the bubble burst and it was obvious that the investors would probably never get any return on their investment.