alt Hacker NewsIs the internet bigger or smaller than it was in 1998 compared to today?
Demand for internet and web services is significantly higher today than in 2000 but a bubble still popped. Heck a regular old recession or depression, completely unrelated to AI could happen next year and could collapse the industry. I mean housing is more expensive than ever nearly 20 years after collapsing in the Great Recession.
The problem that I have with dotcom comparisons is that people miss what popped and what remained after that bubble. Catsdotcom and Dogsdotcom popped. But the tech remained, and now we have FAANG++.
If we apply the same logic, any of oAI, xAI, Anthropic might pop, but realistically they won't, and even if they do, some other players will take their spots, and the tech will survive, and more importantly the demand will still be there. This cat isn't going back into the bag. People want this now. More than all the providers can give them. Today. The demand won't suddenly disappear now that "we got a hit" like someone put it recently.