Friday, July 28, 2023

AI Is Not A Bubble -- July 28, 2023

Locator: 45237AI.

The link.

Link here

The dot.com bubble: everybody was creating a webpage selling vaporware. There were no moats. 

The AI revolution:
  • selling real products to real customers;
  • products are expensive and have high margins;
  • products are in heavy demand across all sectors, all companies;
    • cybersecurity is so far behind, that sector will keep AI going for decades;
    • EVs desperate for AI products;
  • there are huge moats:
    • shortage of skilled workers;
    • incredibly expensive to begin a new company;
    • products are very, very sophisticated;
  • the US government is supporting it with huge financial incentives:
    • IRA (inflation reduction act)
    • CHIPS (re-shoring)
  • the list goes on
Exhibit A:

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