Yes, the huge ramp up in investment by companies into deep learning infrastructure & products (since 2012) at billion dollar losses also reminds me of the dot-com bubble. With the exception that now not only small investment firms and individual investors are providing the money – big tech conglomerates are also diverting profits from their cash-cow businesses.
I can’t speak with confidence about whether OpenAI is more like Amazon or other larger internet startups that failed. Right now though, OpenAI does not seem to have much of a moat.
Yes, the huge ramp up in investment by companies into deep learning infrastructure & products (since 2012) at billion dollar losses also reminds me of the dot-com bubble. With the exception that now not only small investment firms and individual investors are providing the money – big tech conglomerates are also diverting profits from their cash-cow businesses.
I can’t speak with confidence about whether OpenAI is more like Amazon or other larger internet startups that failed. Right now though, OpenAI does not seem to have much of a moat.