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166 sats \ 1 reply \ @HardMoney 5 Oct \ on: Jeff Bezos hails AI boom as ‘good’ kind of bubble AI
The distinction between an infrastructure bubble vs financial bubble is correct imo.
AI is following internet, telecom, railroads etc. most investors lost out on the hype cycle but the underlying buildout was later used and benefited society after a range of bankruptcy and M&A occurred
It's interesting how speculators' money can benefit society, sometimes even when they lose.
It has parallels with how prediction markets provide information (= a public good).
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