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: