AI wouldn’t work without any of that above stuff though.

Their monopolies got broken and the profits disappear in a commodity market.

If nvidia or tsmc got split up i doubt its stock is going to stay at as a high a p/e.

We're discussing AI in general here, not individual companies (and none of those companies have a monopoly). Nobody's arguing that AI wouldn't exist if the previous revolutions hadn't occurred.

Investors get paid back by specific individual companies so the details matter.

This is exactly the kind of talk that led to all the other bubbles. Amazing how infected people get.

That's a fair point, but tulips are not AI.

I'm not even talking about tulips. I'm talking about The Information Superhighway in 1999, I'm talking about real estate investing in 2007.

Each event was so different with different motivations. The popularity of Tulips never back. 2007 was about hiding poor risk mortgages. 2001 every company had money thrown at them and today is about a product that costs more than the market can pay.

[delayed]

I dunno, we're throwing plenty of money at AI, just like dotcom got in 2001.

But it was thrown to everyone in 2001 vs 4/5 companies today.

Yeah, they at least look and smell nice and you can touch them.

The "internet bubble" didn't make the internet go away nor reduce its impact.

AI can be in a bubble right now and the bubble can explode and yet all what GP said can still be true

I know where you're coming from, but we probably should not be talking about AI in this way. I don't think it's helping or serving its purpose.

I think civilization will have time to react and adapt, panic leads to haphazard action, we need deliberate consistent action.

Strange comment to make. We shouldn't be honest about AI's capabilities?

How do you think we need honest deliberate action if 95% of people believe AI is a scam and a bubble and mostly just hype marketing? Just take HN's comments for example.

You're defending one extreme by claiming the other extreme is the only option. Which isn't honest behaviour even if it was well intended. Truthfully, AI will cause real problems and we need to handle it, but it's also often exaggerated. It's a rapid technological shift, but like all the other ones anyone who works hard will still find a place to be useful.

"Tomorrow, all of humanity will be affected, forever."

This..is not being honest about AI's capabilities. It's simply not specific enough to be called honest or dishonest. This is simply creating panic.

You know what was actually a bigger invention? Language. Farming.

Imagine a world without those. Oh, wait: tomorrow people won’t know how to use language, will they? And they won’t have water to farm with, so there you go.

AI bots trolling in an AI bubble thread says a lot about the state of AI.