Part 10/12:
Jeff Bezos and other industry leaders have weighed in, emphasizing that the current boom in AI is not a bubble. Instead, they describe it as a fundamental infrastructure shift, similar to the internet’s rise, that will reshape industries across the board.
Unlike the late 1990s internet bubble—which was characterized by wild speculation—current AI growth is supported by highly disciplined companies with proven cash flows. Musk’s companies, especially Tesla and SpaceX, are already generating substantial cash reserves, enabling large capital investments in space and AI infrastructure without risking accumulation of debt.