How Today's AI is like the Early 2020s

Let’s explore how today’s early AI era is like the unicorn-filled, heavily VC-funded early 2020s. (Part 3 of 3)

SHOW: 830

SHOW TRANSCRIPT: The Cloudcast #830 Transcript

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SHOW NOTES:

• Part 1: How Today's AI is like the Early 2000s (Cloudcast Eps:826)
• Part 2: How Today’s AI is like the Early 2020s (Cloudcast Eps.828)

THE EARLY 2020s were SHAPED by COVID and FREE CASH

• VCs were pouring money into startups; “unicorns” were a daily occurrence
• Many assumed that “today’s normal” would be the “forever normal”
• Business models were drowned out by technology fascination

DO CURRENT AI ECONOMICS AND FUNDING LEVELS MAKE SENSE?

• VCs and cloud providers are funding infrastructure like it’s 1997-2000
• Business models around AI are still being sought out
• Funding valuations have no basis in anything real, at least not yet
• Are we near an AI (economic) crash, or at least deflation of the bubble?

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