alt Hacker News> I do think the valuations are quite and they would need to meet the reality, but don’t think there’s gonna be a crash or we’d ever go back to pre-AI era. It would more or less would be a correction to valuations.
Something to consider: would your description also apply to the dot-com boom of the late 1990s? The internet was real, the ideas for internet business were real, and we were not going to the previous reality. But the valuations weren't quite right and a "correction" happened at some point.
When people talk about AI crash, that's what they mean. Not that AI is a hoax, but that the correction could be quite violent and have effects on the broader economy.
But there’s a difference between fearing mongering with a crash and a long term correction. The correction would make all the startups/companies that created a wrapper around frontier models go away, but the ones that truly solved a problem would remain.
Also I remember reading that Anthropic is on its way to be profitable in 2028