Part 6/9:
Drawing from history, the speaker compares the current AI boom to the advent of the internet in the mid-1990s. Notably:
The launch of Netscape and the commercial internet in December 1994 sparked a similar phase of rapid growth.
In 1997, two years after that initial surge, the market had gained about 140%, indicating strong growth.
The AI revolution, beginning in November 2022 with tools like ChatGPT, is regarded by the speaker as even more impactful than the internet.
This comparison suggests that despite short-term setbacks, technological innovations tend to fuel further market expansion over the long term.
Risks and Warning Signs
Despite optimism, the speaker acknowledges the risks:
- The market is narrow, heavily reliant on tech, AI, and data sectors.