• dan@upvote.au
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    11 days 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).