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by ai4ever 696 days ago
agree 100% with this nice comment from a fellow dot-com crash observer.

Many HackerNews readers are young'uns who are seduced by FANG salaries, and the latest AI/ML bandwagon. They dont have the perspective one gets having seeing the highs and the lows.

I can bet there will be another rude awakening around the corner which will wipe out the "pretenders". After the dot-com bust, many pretenders left the silicon valley with anecdotes of leased BMWs abandoned at SFO airport.

After the AI/ML hype deflates, there is likely to be a similar separation. Folks in it for real will be separated from the folks who came in for the riches.

And for the history-buffs this rhymes with the CA gold-rush circa late 1800s - some found it, most didnt, levis profited selling denims to them.