this post was submitted on 21 Dec 2025
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You are absolutely right in the overarching logic, but I believe we have interacted with the current iteration of AI long enough to know that consumer demand is underwhelming, and ROI for enterprise investment is near zero.
In your Olympics analogy, it would be like every four years a city spending tons of money on Olympic games that attract a lot fewer visitors than predicted, just because the other cities did in the past.
Honestly, I am reminded of the early days of the Internet, when all VCs were funding "generic sales startup" because they had said No to Bezos and Amazon had exploded. It wasn't about making a good investment, it was about being able to say they hadn't slept on the biggest opportunity they in fact missed.