Part 2/7:
Predominantly, major tech companies such as Google, Meta, and Amazon are capitalizing on the rise of AI, collectively projected to invest approximately $185 billion in AI development this year alone. The influx of startups competing to create groundbreaking AI models suggests that the market is rife with opportunities anticipated to redefine work, art creation, and communication.
However, this escalating enthusiasm invites comparisons to the dot-com boom of the late 1990s. Back then, the internet was poised to revolutionize lives, with companies like Amazon growing rapidly in an era of budding online commerce. Much like today’s excitement surrounding AI, the internet landscape was flooded with hype and investment, often outpacing practical applications and sustainable profit models.