Everything seems like a bubble to the people who got burned in the dot com era. Hype is automatically attributed to there being money disproportionately flowing to vaporware. That isn’t what I’ve observed. I think a lot of the current AI companies will fail, but I don’t think it’ll be from a failure to deliver a product or generate revenue. I also don’t think there have been valuations or investments that are any more extreme than they have been in the last decade.