This shouldn't be a surprise - capitalism always overshoots. Anything worth investing in will generally receive too much investment in because very few people can tell where the line is.
And that's what causes bubbles but at this point it should be clear that AI will make a substantial impact - at least as great as the internet, likely larger
You made the point for me. That 100bn doubled every 2-3 years. It wasn’t a bubble, but it absolutely looked like one. This will be a bitter lesson too.
And that's what causes bubbles but at this point it should be clear that AI will make a substantial impact - at least as great as the internet, likely larger