Item — HN Reader

The dot com crash was a thing though. The bubble burst. It's just that there was real value there so some of the companies survived and prospered.

Figuring out which was which was absolutely not possible at the time. Not many people foresaw Sun Microsystems as being a victim and nor was it obvious that Amazon would be a victor.

I wouldn't bet my life savings on OpenAI.

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Google, Microsoft, Apple, the value it's generating for them alone is enough of a demand to refute the "bubble" claims. the hype bubble will surely burst, but people are using it everyday. This is like saying the "crack cocaine" bubble will burst once people hear about its side effects (or alcohol lol). A reduction, sure. But not a crash.

I wouldn't be my life savings on OpenAI either FWIW.

People were using Amazon every day. But people were also using Pets.com every day. A bubble bursting doesn't make everything disappear. Just some things.