They differ in one major way: the economy was straight booming in the late 90s, and not in just a “rich people passing more money around amongst themselves” way. That dot com boom did end with a bunch of startups going bust, but it was also part of the process of building the internet we have today. Lots of hardware, lots of cabling, lots of towers, lots of people employed in making, installing, configuring, maintaining. In the end, the dot com boom created something.
This “AI” thing is a lot more “pouring barrels of money into literal incinerators”.
They differ in one major way: the economy was straight booming in the late 90s, and not in just a “rich people passing more money around amongst themselves” way. That dot com boom did end with a bunch of startups going bust, but it was also part of the process of building the internet we have today. Lots of hardware, lots of cabling, lots of towers, lots of people employed in making, installing, configuring, maintaining. In the end, the dot com boom created something.
This “AI” thing is a lot more “pouring barrels of money into literal incinerators”.