Probably true for startups. But AI isn’t their game, like it was the internet.

This time it is a big corp game.

The beneficiaries of AI are Meta, Alphabet, Microsoft, Adobe and similar companies with established business models.

By integrating AI in their models, they make their customers more productive.

Raising prices for AI enhanced versions is easy and not contested by the customers.

Selling something new is much harder. But jot in this case.

A bubble is an exaggeration.

I don’t see it yet. The defunct public companies with no business models are missing yet.

My bet: there is still some room to grow before the bubble bursts.

Time will tell…