GenAI FOMO has spurred businesses to light nearly $40B on fire

Re:GenAI FOMO has spurred businesses to light nearly $40B on... by mensetmanusman on Monday August 18, 2025 @06:31PM (#44945978)

1999 was triggered by fraud, there was far more demand on paper for high bandwidth applications than was justified for all the fiber layout and over-investment in Internet technologies.

The difference today is that every piece of capitalism immediately 100% utilized once it is plugged in.

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Re:GenAI FOMO has spurred businesses to light nearly $40B on... by ModernMech on Monday August 18, 2025 @06:33PM (#44946010)

Announcing to the world "AGI has been achieved internally" when that's not true seems like fraud to me.

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Re:GenAI FOMO has spurred businesses to light nearly $40B on... by fzzzy on Monday August 18, 2025 @07:44PM (#44946601)

Who did that?

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Re:GenAI FOMO has spurred businesses to light nearly $40B on... by postflopclarity on Monday August 18, 2025 @11:12PM (#44947894)

Altman made this claim.

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Re:GenAI FOMO has spurred businesses to light nearly $40B on... by bigtunacan on Tuesday August 19, 2025 @05:44AM (#44949884)

Sam Altman made a post on Reddit in 2023 implying OpenAI had achieved AGI internally. Later he “clarified” it was a joke, however there was some speculation that he didn’t understand what AGI actually meant at the time.

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Re:GenAI FOMO has spurred businesses to light nearly $40B on... by woeirua on Monday August 18, 2025 @06:46PM (#44946115)

Tell me you don't understand why the dot com crash happened without telling me you don't understand why the dot com crash happened.

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Re:GenAI FOMO has spurred businesses to light nearly $40B on... by ac29 on Monday August 18, 2025 @08:24PM (#44946902)

Calling the whole bubble fraud is wrong, but Enron, Worldcom and Microstrategy all blew up due to fraud in the 2000-2001 time frame.

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