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Breaking Analysis: Dissecting the AI boom through the dotcom lens
February 24, 2024
Comparisons are being made between the current AI boom and the dotcom bubble burst. The dotcom era was characterized by excessive optimism and unsustainable business models. The AI boom, on the other hand, is fueled by cloud computing and SaaS, with the pandemic accelerating its adoption. The catalyst for the AI era was the announcement of ChatGPT, leading to increased valuations for companies like Microsoft and OpenAI. The AI boom is backed by significant investments in data centers. While there are similarities between the dotcom and AI booms, AI companies ...Read more