What I’m saying is that when it happens it will probably be fast, and it could happen anytime. I personally think it still has at least half a year to go because I think the tech / AI companies are so close to the Trump administration that it will jump in to save them if there’s a problem, which will delay the pop by a few months.
But, I can’t see the bubble deflating slowly. The bubble is just too big for that. They’re betting on AI Jesus. Investors won’t be satisfied with a normal technology which is somewhat useful, not after pouring trillions into it. Just to break even, the AI companies need to reach revenues of multiple trillions of dollars. That’s almost 10x more than Google makes, and it’s a mature 20-year-old company that has a monopolies in multiple areas.
Just to break even, it has to be something that every single person on earth spends hundreds of dollars on each year. And, since that includes multiple billions of people who don’t have hundreds of dollars to spend, it’s really multiple thousands of dollars spent by every person, or spent on behalf of a person in a developed country.
What I’m saying is that when it happens it will probably be fast, and it could happen anytime. I personally think it still has at least half a year to go because I think the tech / AI companies are so close to the Trump administration that it will jump in to save them if there’s a problem, which will delay the pop by a few months.
But, I can’t see the bubble deflating slowly. The bubble is just too big for that. They’re betting on AI Jesus. Investors won’t be satisfied with a normal technology which is somewhat useful, not after pouring trillions into it. Just to break even, the AI companies need to reach revenues of multiple trillions of dollars. That’s almost 10x more than Google makes, and it’s a mature 20-year-old company that has a monopolies in multiple areas.
Just to break even, it has to be something that every single person on earth spends hundreds of dollars on each year. And, since that includes multiple billions of people who don’t have hundreds of dollars to spend, it’s really multiple thousands of dollars spent by every person, or spent on behalf of a person in a developed country.