This reminds me a lot about what people said about Amazon near the peak of the dot-com bubble (and also about what people also said at the time of internet startups that actually failed).
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.
This reminds me a lot about what people said about Amazon near the peak of the dot-com bubble (and also about what people also said at the time of internet startups that actually failed).
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.