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Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts (www.tomshardware.com)

submitted 2 months ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] NikkiDimes@lemmy.world 15 points 2 months ago (1 children)

The web didn't die after the dot com bubble burst. The AI bubble will burst, but a smaller niche of companies will continue to exist.

[–] dan@upvote.au 6 points 2 months ago* (last edited 2 months ago)

The dot com crash was because tech companies were massively overvalued and didn't have a proper business plan or profit. I definitely see some similarities with the AI bubble, especially with the large unprofitable companies like OpenAI. OpenAI isn't estimated to become profitable until 2029, and there's a lot of unknowns between now and then (e.g. maybe they'll be forced to license content they use for training).