“Why the A.I. Boom Is Unlike the Dot-Com Boom. Silicon Valley is again betting everything on a new technology. But the mania is not a reboot of the late-1990s frenzy.” NY Times. I remember Tom Brokaw hyping the new Dot-Com economy every night on NBC News! Turns out it wasn’t so much about the economy stupid but rather about the stupid economy!
The Dot-Com boom resulted in an explosion of websites on the internet and “it couldn’t sustain their valuations, eventually causing a market crash as investors realized the lack of viable business models and profitability. “Warren Buffett views artificial intelligence (AI) with a mix of awe for its “profound” potential for good and deep concern about its capacity for “enormous harm,” Google AI. The Economy may boom but America may go bust!
And that is allI’m going to say about that!
Drain the Cesspool 