The author expects that generative models will be incredibly important in the future, similar to the internet, but notes there are high expectations for its usefulness in the near future with unclear ideas around business models, similar to the dot com era. The author questions if these near future expectations don't pan out, could companies slow down their R&D expenditures which are currently supporting NVIDIA, Microsoft, and others, leading to a significant stock market correction.
Key takeaways:
- The author questions whether AI could be a dot com sized bubble due to high expectations and hype.
- Shares of NVIDIA and Microsoft have risen due to the expectation of continued AI-driven demand for their products.
- The author believes that the current trajectory of generative models will be incredibly important, similar to the internet.
- If near future expectations for AI don't pan out, companies may slow down their R&D expenditures, potentially leading to a sizable stock market correction.