"Taylor noted that while the dot-com bubble is often viewed through the lens of its failures, significant value and major tech success stories also emerged from that era. He stated, 'If you say dot-com, people come back with failures.' He emphasized that examining the current value in the S&P 500 showcases how warranted much of the hype truly was."
"The AI boom resembles the dot-com era in that there will be clear winners and losers, just as Amazon and Google emerged from the burst while others, like Pets.com, did not survive."
Bret Taylor compares the current AI boom to the dot-com bubble, noting both have produced significant winners and losers. He highlights that while the dot-com era is often associated with failures like Pets.com, it equally established game-changing companies like Amazon and Google. Taylor argues that a broader perspective shows how the hype of the dot-com era was justified considering the enduring impact of these foundational tech entities. The ongoing surge in AI investment reflects a similar transformative potential for markets and industries.
Read at Business Insider
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