

During the Dot Com era, people were actually generating wealth for a period.
Cursor.sh is an IDE I keep going back to for a new subscription. My ChatGPT account is now over 1 year subscribed. This comes from a person who hates subscriptions: I pirate all my music and shows, and even went 2 years without a phone plan. But damn does AI enhance my productivity, and the AI powered code tools have helped me launch several buisness attempts over the last 2 years.
I recently met a founder who works on AI agents - something similar to skyvern.com. He has multiple enterprise clients and 6 employees, despite being late to the party (only starting last year)
So basically, I’m calling your premise of “not generating wealth” false.
I think they’re quite comparable. Lots of companies earned a ton of investment funding for having the word “AI” in their name, and they will collapse over the next couple years. But much like the Dot Com bubble, the big ones will survive, possibly with only a few years to recover back whatever they lose during a pop.