AI today is like Internet in 1994 (Patreon)

I lived thru both as an investor so I see some striking similarities and I love it.

In 1994, critics wondered if the Internet was just a fad — overhyped by the media and investors. Today, some say the same about AI: that it’s overhyped, that the outputs are shallow, or that the real impact is years away.

In 1994, many doubted whether the Internet could make money. “Why would people pay to be online?” was a genuine question. Today, critics ask: “Where’s the business model for generative AI?”

The only difference is AI today will accelerate 5 to 10 times faster...