alt Hacker News> 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.
You dismantled your entire argument with this closing sentence. I do not doubt that gen AI is here to stay in some form, but that is not what we’re discussing here. What you’re showing as weak proof of demand is billions in revenue that pale in front of hundreds of billions, soon to be a trillion, in yearly capex spending. That is not regular spending for a tech buildout unless you are somehow certain that the tech in question can radically upend the global economy. Right now that is very much still wishful thinking. Even the dotcom Internet buildout cost a fraction of this current frenzy, and yet the demand justifying our current situation is moot at best. Or you want me to really accept that these companies will generate trillion/s in revenue within 5 years to justify the absolutely insane level of investment?
Yeah, no. How much is invested doesn't matter. Look at who is investing. Every big tech firm (literally, each and every one of them). They'll make the money back, one way or another. Unless you're willing to claim that the entire tech sector goes poof tomorrow. They won't. They'll still be here 10-20-50 years, and they'll make their trillions back.