🫧+🚀: The AI bubble of (made up) market valuations will most certainly burst. But, that doesn't mean that AI will go away. Yesterday at the Toronto CIX Summit, Vinod Khosla shared his insight that the same happened with the internet and the dot-com implosion. Just as internet participation grew regardless of dot-com market valuations, the impact of AI will continue to grow across all industry sectors. For the kids out there, the massive investments during the dot-com boom laid the foundation for high speed global communications, and the internet grew from there. All valuations are ephemeral. The AI genie is out of the bottle. #ai #aimarketvaluationsbubble
The AI bubble burst will be painful. The only winners will be the incumbents, and maybe one or two startups.