alt Hacker NewsA great example is the DotCom bubble. Wiped out a lot of capital but it really did transform the world.
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bigstrat2003 • last Thursday at 5:59 AM
Yeah, but unlike LLMs the Internet was an actual useful technology.
A great example is the DotCom bubble. Wiped out a lot of capital but it really did transform the world.
Yeah, but unlike LLMs the Internet was an actual useful technology.
But also, a lot of the dot com companies that people invested in in 1999 went bust, meaning those specific investments went to zero even if the web as a whole was a huge success financially.