Speaking at the World Artificial Intelligence Conference in Shanghai, Baidu CEO Robin Li said companies are wasting computing power on models not yet benefiting other industries.
The major difference is that we don’t see an influx of insanely overvalued startups nobody heard of before.
That was the norm in the dotcom bubble and nobody remembers the “major players” of that time now.
The AI boom is pushed by the well established big tech which are also highly profitable and can afford the AI expense. Dotcom startups never were profitable.
This feels like the dot com bubble all over again.
The major difference is that we don’t see an influx of insanely overvalued startups nobody heard of before.
That was the norm in the dotcom bubble and nobody remembers the “major players” of that time now.
The AI boom is pushed by the well established big tech which are also highly profitable and can afford the AI expense. Dotcom startups never were profitable.