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A comment on I'm Not Convinced the AI Bubble Exists.

Re:I'm Not Convinced the AI Bubble Exists by keyle on Monday November 09, 2026 @12:05AM (#50421294)
> Google Has No Moat, But Neither Does McDonald's

Sounds like a valid argument until you realise McDonald's is a real estate business.

There are many problems with this article. I think the bubble is real and at some point the investor money will fall off a cliff.

The value is there but the cash burn rate is extreme to say the least; and the moat is only in what you haven't released yet.

[ Parent | on HN ]
Re:I'm Not Convinced the AI Bubble Exists by light_hue_1 on Monday November 09, 2026 @01:20AM (#50421763)
So is Google! They buy real estate on your phone to make themselves the default browser. They pay other browsers and phone manufacturers for integration.

The only reason why Google search is doing well is because it's a real estate business like McDonald's. And lately their search quality has been similarly crappy.

[ Parent | on HN ]