AI Boom: Dot-Com Hype, Big Tech Power, Lingering Risks

• The AI boom shares similarities with the dot-com bubble, including hype, quick fortunes, and technological promise.
• A key difference is that the AI boom is backed by multi-trillion dollar tech giants with established revenues, unlike the fragile startups of the dot-com era.
• The current AI surge is more concentrated, dominated by a few large firms, contrasting with the more populist, thousands-of-startups nature of the dot-com era.
• AI technology is already delivering real value and can be deployed instantly over a mature internet, unlike the immature and slow tech of the 1990s.
• Despite differences, risks like inflated numbers and complex deals persist, though large AI players are better positioned to survive potential downturns than smaller hopefuls.

Why It Matters: It clarifies if the AI boom is a bubble or a stable, lasting revolution.