It is possible for all of the following to be true:
1. This study is accurate
2. We are early in a major technological shift
3. Companies have allocated massive amounts of capital to this shift that may not represent a good investment
4. Assuming that the above three will remain true going forward is a bad idea
The .com boom and bust is an apt reference point. The technological shift WAS real, and the value to be delivered ultimately WAS delivered…but not in 1999/2000.
It may be we see a massive crash in valuations but AI still ends up the dominant driver of software value over the next 5-10 years.
The .com boom and bust is an apt reference point. The technological shift WAS real, and the value to be delivered ultimately WAS delivered…but not in 1999/2000.
It may be we see a massive crash in valuations but AI still ends up the dominant driver of software value over the next 5-10 years.