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I’m sort or an AI optimist, back in dotcom boom/bust you had dozens of companies that had nothing more than a website engaged in E-Commerce, basically selling things via the internet, which was exploding in use primarily because high speed internet was starting to make inroads and that allowed more and more people to engage in E-Commerce.

I personally remember buying a few books from Amazon back when that was all they did.

Contrast to today, how many major AI companies are there, probably less than a dozen, not that many compared to the dotcom boom/bust.

The other major contrast is today most of the major AI companies are part of major corporations that are hugely profitable outside of their AI expenditures.

Google is hugely profitable, along with Microsoft, Amazon, Meta, Elon Musk’s various companies, according to reports Anthorpic is cash flow positive.

I do think the pace of AI expansion will slow down and perhaps a few of the major AI companies will fail.

I also think the growth of AI will be Agentic or the development of specific AI Agents or applications built on top of the various AI Models.

I think entire new industries will spring up using AI agents as the driver.