Technology

From the entry for "zaibatsu" on Wikipedia:

Under the Allied occupation after the surrender of Japan, a partially successful attempt was made to dissolve the zaibatsu. Many of the economic advisors accompanying the SCAP administration had experience with the New Deal and were highly suspicious of monopolies and restrictive business practices, which they felt to be both inefficient, and to be a form of corporatocracy (and thus inherently anti-democratic).

The only difference? The zaibatsu actually diversified their operations.

Looks more like the dot com bubble to me.

Is it just me, or are the bubbles coming closer together these days?

I don't think it's a bubble, first there is absolutely zero comparison to the housing bubble, which was a financial problem that caused housing prices to inflate, while the inherent value of housing stayed the same. This alleged AI bubble is mostly driven by companies that have lots of money, so it is not credit based, and there are underlying products that actually have increasing value.

The better comparison would be the dot com bubble, which was dominated by companies that didn't even have a product and didn't make any money. The frenzy is similar, but the fundamentals are different.

AI investments may cool down because obviously there is a frantic race in an attempt to get ahead.
But the reason I don't think the AI bubble will burst is because it is driven by companies that actually make money.
They may lose money investing too heavily in this, but the most companies investing in this can afford it.

I think the most AI bubbly company isn't even in the diagram, because that is Tesla. Tesla might actually go down, because Musk is insane.

But in general if it is a bubble, it is a very very long one, Nvidia value has been exploding since 2016 based on their AI product dominance. If this is a bubble, I think it will go down in history as the longest living bubble ever.

Is the market frantic? Yes absolutely.
Is the value of some AI companies extremely high? Yes absolutely.
Is it a bubble that will burst? No if it's a bubble, this one will be more like deflating to a less frantic level, because ALL the main players have the money to weather losses.
And the main AI companies have actual products that make money for them rolled out already. So it is not like the dot com bubble.

But where is Palantir on this? Because they're discernibly connected to several of these orgs, and that displays the character of what this is actually about.

It seems like the wealthy propping up their own bubble.

I'll just wait for the movies to come out ten years later telling us exactly how they all lost our money again.