AI is now integrated in people’s office packs and into every coffee machine. It’s also already used by a lot of people, students write their thesis with them. People buy AI images from high quality AI sources. Music will be replaced next. Video is in line.
Yes but who pays money for them? This is exactly what i mean. Just like with the early web, companies are providing “free” services using VC funding. If that dries up who is going to fund these fun enterprises?
Nvidia is a key player here that they will certainly survive the fall, but OpenAI and others are the first to get cut when there’s a crisis. They make no profit, yet they cost money
Yes which supports the op’s claim that it is different because the companies doing ai hype are S&P 500 giants with multiple revenue streams, not startups with nothing to fall back on.
For example, MS’s stock was at $300 before the AI hype and now it’s at $400. It’s stock jumped after several quarters of exceeding expectations on revenue from their cloud services- which have little to nothing to do with AI.
Yes but who pays money for them? This is exactly what i mean. Just like with the early web, companies are providing “free” services using VC funding. If that dries up who is going to fund these fun enterprises?
Nvidia is a key player here that they will certainly survive the fall, but OpenAI and others are the first to get cut when there’s a crisis. They make no profit, yet they cost money
OpenAI isn’t in the S&P 500.
Microsoft is which is basically OpenAI’s parent company now.
Yes which supports the op’s claim that it is different because the companies doing ai hype are S&P 500 giants with multiple revenue streams, not startups with nothing to fall back on.
For example, MS’s stock was at $300 before the AI hype and now it’s at $400. It’s stock jumped after several quarters of exceeding expectations on revenue from their cloud services- which have little to nothing to do with AI.