Another Big Tech Visionary Left to Launch an AI Startup—Is the AI Boom Really in its Earlier Innings?

• Nvidia (NVDA) draws comparisons to Cisco during the dot-com bubble erstwhile expectations proved overexaggerated.

• Jeff Bezos is founding a caller institution called Project Prometheus focused connected AI opportunities.

• Multiple tech visionaries are leaving large companies to motorboat AI startups. Talent retention could beryllium tough.

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In galore ways, it feels similar the ongoing AI roar (or revolution) is mirroring the ends that unfolded anterior to the large dot-com net bubble burst of 2000-01. We've seen rather a spot of circular financing among the giants, and, arsenic Dr. Michael Burry of The Big Short fame outlined successful a caller note, Nvidia (NASDAQ:NVDA), which is starring the complaint connected the AI spot race, seems to gully similarities with Cisco (NASDAQ:CSCO) from the net roar days. Undoubtedly, backmost successful the days erstwhile the net was booming, it was Cisco that was seen arsenic the go-to pick-and-shovels play.

As it turned out, expectations were greatly overexaggerated, and shares of Cisco took a monolithic deed to the chin erstwhile the large bubble burst yet did happen. Indeed, Cisco seemed to beryllium close successful the blast portion erstwhile the bubble burst. Believe it oregon not, Cisco banal lone precocious recovered the crushed it had mislaid from its 2000 highest successful the past year. Undoubtedly, it took 25 years to recover, and there's truly nary telling whether Cisco volition enactment supra these levels if AI is successful a bubble and it's bound to spell bust arsenic good astatine immoderate constituent successful the adjacent mates of years.

With galore promising AI startups popping up left, right, and center, with galore big-name visionaries leaving their large roles down for a changeable to pb the complaint successful this revolution, there's a batch of excitement mixed successful with the concern. Undoubtedly, the dot-com bubble days saw a batch of startups travel from retired of obscurity crossed the board. Many of them didn't marque it erstwhile the bubble burst and insolvency acceptable in.

And portion things whitethorn precise good beryllium antithetic this clip astir since the AI gyration could pb to superior and meaningful profits successful a faster timeline than expected, the increasing fig of startups mightiness beryllium ringing alarm bells successful the ears of investors, particularly of those who were already rather skeptical implicit the latest AI-led bull run.

Whether we're talking astir Jeff Bezos founding (and poised to go CEO of) a caller institution called Project Prometheus with different visionary, an unnamed startup headed by a erstwhile concern decorator from Apple (NASDAQ:AAPL), Yann LeCun, who's leaving a precise respectable presumption astatine Meta Platforms (NASDAQ:META) to motorboat of an precocious instrumentality quality startup, it seems similar a batch of precise astute innovators successful AI spot ample accidental to bash their ain thing.