> Elaborate.

In the dotcom era the demand was far lower than the projections, and orders of magnitude less than what they were building out to. The "products" like catsdotcom and dogsdotcom had massive investments with 0 real-world demand. Even hardware stuff like fiber rollouts were severely overestimated, and led to very cheap dark fiber for a while, because the demand simply wasn't there. We know now, with hindsight, that the demand eventually overtook those projections and deployments 10-15 years later.

In comparison, today we see huge demand, and all of the providers seem to be swamped. The hardware pricing has gone through the roof. Environment stuff + public "opinion" + outside influence campaigns have led to a very hostile environment for building out capacity. Real constrains for power generation. The providers are so eager to get more capacity online that even the most "religiously self proclaimed good guys" had to sign with spacemanbad to get more compute yesterday. It's that bad.

And despite all of this, all the providers are reporting increasing revenue. Even "wrappers" like cursor reported 4+B/y revenue. The top labs are remporting several B /mo in revenue, and growing. Even goog's cloud stuff is starting to be a sizeable chunk of their revenue, and that's competing with the ads cash cow. Hell, even meta had a record quarter, driven by increased traffic in their products, likely because they deployed chat stuff. There is real demand in the market today, and with model capabilities going up, that's bound to continue for the foreseeable future.

The dotcom bubble and this thing are nothing alike. Any of the large "products" can (and some probably will) fail, but the tech behind it is like the Internet. It will only grow, and be ubiquitous in a decade.

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