garth

One started as a cop but got fired after allegedly assaulting a suspect. He fell back on being a prison guard, but didn’t last long there, either. Now he has a job with a freight railroad.

Another was lined up to inherit his dad’s business, but instead got into drug dealing and eventually murdered someone. Now he’s in prison for life.

The .com craze was a gold rush to a land with proven reserves. It was clear there was a huge opportunity to get rich. The question was which companies would find the right approach and succeed. Amazon lived, other retailers like Pets.com didn’t. Kozmo and Webvan failed but their general business ideas later succeeded at other companies. And so on.

AI feels more like a gold rush based on rumors and hype. It isn’t clear (at least to me) that a market opportunity exists to justify the massive spending going on.