[wslh]

Yes, there are basic technical patterns that are used to repeat (or not!) but as others say in the dotcom crash there were no real Internet/technology penetration into the society: dot com companies tried to create a market that didn't exist and required time to be builts (e.g. mobile phones). Once the technology "eats everything" we are part of a new ecosystem and sometimes we are humans using tools but in many other times it is tools (e.g. ads) that are using humans.

AI is having an impact in the markets, there is not question that ChatGPT inaugurates a new milestone even if at the end that AI is not so smart, it is very useful.

IMHO we, humans, are the bottleneck and slowing things down: matching a buyer with a seller is slow, it requires building trust and depends on culture. If you remove humans from some activities the economy will accelerate. That does not mean that the human race will be better as a whole but the money spped will rise and money will flow in the direction of removing humans when they could be replaced.

[H8crilA]

Errrr, have you seen the user count data on personal assistants, VR goggles, cryptocurrency? To say that not enough people use them given the capital expenditure is to say nothing.

Then you have the true superstars of money burning, like the startups that distribute VC money to customers (e.g. Uber, but there's a ton more).