| ▲ | woeirua 3 days ago |
| It's 1999 again. |
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| ▲ | jonas21 3 days ago | parent | next [-] |
| So you're saying they're basically right, but 5 or 10 years too optimistic on the timeline? |
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| ▲ | snerbles 3 days ago | parent | prev | next [-] |
| It'll be interesting to see what sort of Chewy-equivalents emerge after the pets.com-analogues collapse. |
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| ▲ | j45 3 days ago | parent | prev | next [-] |
| Truly, except now everyone's online and spending time online and spending cash online. |
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| ▲ | pixl97 3 days ago | parent [-] | | And, the .com bomb killed some companies and slowed down spending for a bit. It did not kill the internet, and now companies like Amazon(.com) are absolutely enormous. Some people think the GenAI bomb is going to kill GenAI, I think it's just going to weed out those with too high of expenses and no way to evolve the compute to be cheaper over time. | | |
| ▲ | oinfoalgo 2 days ago | parent | next [-] | | The forward P/E of the Nasdaq 100 is pretty exemplary of how this is not the same situation at all. https://en.macromicro.me/series/23955/nasdaq-100-pe It is easy to spot the dot com bubble on this chart. | | |
| ▲ | j45 a day ago | parent [-] | | It’s a fair point. At the same time there’s actual software and not vapourware of the dot com boom. |
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| ▲ | sech8420 3 days ago | parent | prev | next [-] | | "Some people think the GenAI bomb is going to kill GenAI," Sure, a very very small percentage of people who know hardly anything about GenAI might think this. | | |
| ▲ | __loam 3 days ago | parent [-] | | It's the opposite. The more I learn about the financial state of these companies the worse my opinion gets. |
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| ▲ | j45 3 days ago | parent | prev [-] | | There was barely no one using the internet then let alone doing e-commerce. It’s worth reading up on it to see what’s actually comparable. |
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| ▲ | mensetmanusman 3 days ago | parent | prev [-] |
| 1999 was triggered by fraud, there was far more demand on paper for high bandwidth applications than was justified for all the fiber layout and over-investment in Internet technologies. The difference today is that every piece of capitalism immediately 100% utilized once it is plugged in. |
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| ▲ | ModernMech 3 days ago | parent | next [-] | | Announcing to the world "AGI has been achieved internally" when that's not true seems like fraud to me. | | |
| ▲ | fzzzy 3 days ago | parent [-] | | Who did that? | | |
| ▲ | bigtunacan 2 days ago | parent | next [-] | | Sam Altman made a post on Reddit in 2023 implying OpenAI had achieved AGI internally. Later he “clarified” it was a joke, however there was some speculation that he didn’t understand what AGI actually meant at the time. | |
| ▲ | postflopclarity 3 days ago | parent | prev [-] | | Altman made this claim. |
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| ▲ | woeirua 3 days ago | parent | prev [-] | | Tell me you don't understand why the dot com crash happened without telling me you don't understand why the dot com crash happened. | | |
| ▲ | ac29 3 days ago | parent [-] | | Calling the whole bubble fraud is wrong, but Enron, Worldcom and Microstrategy all blew up due to fraud in the 2000-2001 time frame. |
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