alt Hacker NewsOne might point out that this is the story of AI since at least the 1930's. Impressive technology demo's ... wild investment, crash, bankruptcy ... but the tech remains and in fact has useful applications all around.
AI Winters. I finished school in 2008 and have seen it happen twice.
Convnets. LSTM (and various RNNs).
Both are in wide use today.
The difference is that every single one of those previous AI winters didn’t show up in the stock market valuations — not even a little bit.