logoalt Hacker News

drob518today at 2:59 AM0 repliesview on HN

Yes, I was around then. It felt exactly the same. That’s how you know it’s a bubble. Because everyone starts acting stupid and conjuring up all these ridiculous explanations for why it makes sense when it plainly doesn’t. In 1999, everything was about the Internet, even when it didn’t make sense. Every company was saying that to be left out of the “Internet revolution” was a fast path to bankruptcy. It’s the same with AI today. Yes, the Internet was important and some companies did get displaced, but most didn’t. So too for AI.