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.
Surely. There's a theory that every AI now currently being built would peak and plateau at a level after which incremental progress would be hard to achieve.
One of the reason why many AI products are getting as good or a bit better than other is they are feeding each other's algorithm. Deepseek would not have been possible if there were no ChatGPT, similarly Grok 3 is said to be a bit better than other available options. But the progress has already been slowed down. The price of AI companies, AI component manufacturing companies and in crypto sector, the AI based crypto has rose in price. But with multiple options to choose from, the price would keep going down. NVIDIA might now rule the AI chip industry but their monopoly won't remain for long. Likewise the AI companies are already too many. ChatGPT, a huge company by paid user base still claims its not making a profit.