Every revolutionary technology has had a financial bubble. AI is not different

In the 1790’s, the British public became obsessed with building inland waterways. Investors poured millions into canal companies. This led to a massive stock market bubble and subsequent crash when many routes proved unprofitable. The same pattern repeated in the 1840’s when British investors became infatuated with railroads. The expansion of the steam locomotive in Britain triggered an unprecedented investment boom. After speculators bought shares in any proposed rail line, there was a major financial crisis and thousands of miles of redundant track were built. It repeated again in the 1920’s, with a radio boom, and, most famously, in the early 2000’s, with the dot-com bubble. AI is leading to real profits. But this doesn't mean that valuations can continue to run amok forever. I'm not calling the top, nor am I predicting a specific timeline for the bubble to pop. But I am just telling you to be careful and not FOMO