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.
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.
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