[mrbungie]

> Given how much capital has already been committed to infrastructure development I find it very unlikely that even a Black Monday style market correction will do much to alter the medium and long term outlook for ai development and investment.

So let's bet on sunken cost fallacy? That didn't work out during the dotcom era.

When people talk about the bubble is mostly about ending the LLM hype, not making everything associated just disappear. The infrastructure, ideas and developments will stay and probably end up being a lot more useful without the noisy hype surrounding it right now.

[gboss]

It kind of did, Facebook, YouTube, Google, were all enabled by the massive internet cable infrastructure investment laid in the 90s.

[mrbungie]

Yep, but the dotcom burst was still was a burst. Ex post success does not matter in that analysis, and in fact, I'm arguing that the dotcom burst was instrumental for companies like Facebook, Youtube and Google to develop as they did.

[mvdtnz]

A bursting bubble doesn't instakill an entire industry. No one is suggesting that. Bursting bubbles are harmful to most market participants and often have a blast radius beyond the industry. It's great that Facebook and YouTube emerged (I suppose) but that doesn't help grandad who lost 35% of his retirement fund.