[lasereye]

Every time a disruptive technology comes along there is usually an investment bubble. But that doesn’t mean the new technology disappears or goes away.

Exactly

Overinvestment in 19th-century American railroads was driven by speculative debt, government land subsidies, and rapid track-building that outpaced actual economic demand. This boom-and-bust cycle triggered severe national depressions—most notably the Panic of 1873 and the Panic of 1893.

Nobody looks back and says that railroads were a failure. AI will be huge and transformative.

[plain talk]

Yes the railroads is an excellent bubble example. Thanks for all those details which I’m sure I read once and forgotten. :-)