this post was submitted on 08 Jul 2024
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229
China’s AI overload: Baidu CEO warns of too many models, too few applications (www.scmp.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 5 months ago* (last edited 5 months ago)

The major difference is that we don't see an influx of insanely overvalued startups nobody heard of before.

That was the norm in the dotcom bubble and nobody remembers the "major players" of that time now.

The AI boom is pushed by the well established big tech which are also highly profitable and can afford the AI expense. Dotcom startups never were profitable.