Is AI recreating the 1990s internet craze?

The AI ​​boom reminds many of the internet era of the 1990s, but this time the game is bigger, more expensive, and the risks are much deeper.

San Francisco is as vibrant as it was during the dotcom bubble, except now the focus is on artificial intelligence.

Every billboard, building, even the city air is "crazy" about AI.

Experts say the impact of AI will go far beyond the internet, although there may be some adjustments in the short term.

Unlike dotcoms, AI requires huge amounts of capital, with an estimated $7 trillion in infrastructure spending by 2030.

Energy becomes the biggest bottleneck, as AI operating costs increase and power grids become overloaded.

The next difference is that AI is funded with equity, instead of debt like in the telecom era.

However, this leaves the entire US market heavily dependent on four tech giants: Microsoft, Google, Amazon, and Meta.

Economists warn that if the AI ​​bubble bursts, the consequences will be much greater than in the 1990s.

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Source: https://khoahocdoisong.vn/ai-dang-tai-hien-con-sot-internet-thap-nien-1990-post2149064611.html