You can try to put ChatGPT into the "loser categories" of MetaVerse, Crypto, and Meme Stocks if you like, but it might be in the categories of the Internet, Smart Phone, and Printing Press.
Every new technology category is not a 16 billion dollar bust like Facebook's Metaverse. Some are truly life changing, and ChatGPT/AI might be one of them.
With traditional software, we used to say "garbage in, garbage out." Now with generative AI, we have advanced technology so that we can achieve "value in, garbage out"!
JS, What specifically are you referring to in the Scott McNealy story? I know he ran Sun MicroSystems for a couple decades, and it went downhill after the Dot.Com crash. Are you referring to some specific aspect of its fall?
You can try to put ChatGPT into the "loser categories" of MetaVerse, Crypto, and Meme Stocks if you like, but it might be in the categories of the Internet, Smart Phone, and Printing Press.
Every new technology category is not a 16 billion dollar bust like Facebook's Metaverse. Some are truly life changing, and ChatGPT/AI might be one of them.
I think you have to separate the stocks from the technology. That's where this gets blurred.
I'm old enough to remember the "expert systems" hype of the 1980s. Those too were going to replace millions of jobs. Plus ca change.
With traditional software, we used to say "garbage in, garbage out." Now with generative AI, we have advanced technology so that we can achieve "value in, garbage out"!
Time to dust off the Scott McNealy story from the Sun Micro days....this herd has never heard let alone experienced it!
JS, What specifically are you referring to in the Scott McNealy story? I know he ran Sun MicroSystems for a couple decades, and it went downhill after the Dot.Com crash. Are you referring to some specific aspect of its fall?
Indeed, he famously asked "what were you thinking" when pricing in excess of 10x sales, great 3 parter from Jesse Felder if u have never seen it https://thefelderreport.com/2021/01/06/what-were-you-thinking-part-tres/