Looking back at the rise and crash of the internet bubble, we see a classic example of how technology can go through massive changes. Between 1995 and 2000, the internet industry exploded, with thousands of startups popping up and investors pouring in huge amounts of money. But by 2000, the bubble burst, and many companies went under, causing chaos in the market. So, does the current tech scene have a similar risk of a bubble? Technology, especially things like self-driving cars, medical advancements, and smart devices, seems super promising right now, attracting tons of investment and startups. But just like with the internet, rapid growth in tech often comes with unrealistic expectations and a lot of blind investment.
What do you expect, every advancement in technology comes with its negative aspects but to say that the internet bubble busted is somewhat an exaggerated statement, between that also we have seen the many opportunities and advantages that come along with this development and AI is just one of such developments.
What I think is that we may need more time and caution while dealing with any new and advanced development, humans need a lot of knowledge and also limit the access AI tools have over your human efforts.