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The dotcom bubble produced Google and Amazon.
I guess, if you count surviving it and having less competition. What did 2008 produce? Besides a stock reset for the rich.
They received hundreds of billions of dollars in bailout funds. That really taught them a lesson!
Should have pulled themselves up by their bootstraps and saved for emergencies.
Maybe they ate less Avocado toast and that helped already.
The “too big to fail” banks used their bailout money to buy small and medium-sized banks that were struggling, increasing the market share of the already colossal banks that caused the disaster in the first place.
It was a completely different world having several different search engines. Felt like you were actually on a discovery path. These days Google funnels you into Amazon products listings.
Yeah the one thign ai consistrntly does well is return more targeted search results than a browser.
WAAAAY back in the day, search engines functioned like a complicated Yellow Pages with indexed results and explorable categories. They encouraged you to find unique websites and seek out new perspectives and ideas. It wasn't sustainable due to the volume of websites people make, but it was fun.
Search engines have been hot garbage for a while. If AI can at least shake that up, it would at least provide some competition and reason for these companues to try and innovate something.
2008 wasn't the collapse of the dom com bubble. That happened in 2002 or so. What happened in 2008 was the inevitable collapse of the banking and loan industry due to oversaturation of sub prime mortgages and the use of them by hedge funds as a way to cheat to industry and make shit tons of money off the backs of working class people.
Yes. They were two different crashes, I wasn't implying they were the same. If anything the tech bubble from mid 1990 to 2000 was more "honest", it just wasn't going to last yet everyone invested in it. Unlike the 2008 crash of real estate that the banks knew was a problem but ignored. Dotcom was tech, but 2008 was more like the current AI money run, in the methodology of pumping it for money until it breaks.
They survived it because of massive investments by wealthy venture capitalists and a strong foothold in their markets. They also came out of it with an eye toward dominance of those markets. Lean and mean doesn't even begin to describe how awful these companies are. I don't think we are going to enjoy the surviving AI companies that emerge from this particular bubble because they will be even more capitalistic in their intent to dominate every market.
That's exactly what they are trying to do. Become bubble proof through pure size in order to be the dominant player after the pop.
Also Beanz.