Feels like 2000 all over again.

The arms race to throw money at anything has "AI" in their business name is the same thing I saw back in 2000. No business plan, just some idea to somehow monetize the internet and VC's were doing the exact same thing. Throwing tons of good money after bad.

Although you can make an argument this is different, in a lot of ways, its just feels the same thing. The same energy, the same half baked ideas trying to get a few million to get something off the ground.

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throwawaysleep 3 days ago | parent | next [-]

I imagine it is the same, but 2000 was hardly a dead end. So there will be lots burned but keep on at it as the tech will revolutionize the world.

	▲	kalleboo 3 days ago \| parent [-]
		Yeah the market of 2000 crashed and burned but we were left with a bunch of dark fiber and developed tech that laid the foundation for the next decade.

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ebiester 3 days ago | parent | prev [-]

I would say a bit more like 1997. I was young but kept thinking, "That which is good is not novel, and that which is novel isn't good." That said, we had the giant crash, but based on the dow jones the low in 2002 was the same as August 1998 but you can really look at the lost decade as to the true impact of the bubble.

The question isn't if there will be a crash - there will - but there are always crashes. And there are always recoveries. It's all about "how long." And what happens to the companies that blow the money and then find out they can't fire all their white collar workers?

(Or, what happens if they find out they can?)