Really, the huge infrastructure investments will keep the big 6 above water no matter what. They’re on the same track as railroads (haha) circa 1840ish.
The bubble is a layer down. Entire companies of 3 kids in a trench coast sprouting up like mushrooms and being subsumed in months with $multi-millon valuations which have nothing to really show for it beyond massive dependencies on social media and a refined LLM. Which is mostly par for the course anyway. But so the churn is huge and chaotic, with lots of cash flying around.
Well yes, but also no.
Really, the huge infrastructure investments will keep the big 6 above water no matter what. They’re on the same track as railroads (haha) circa 1840ish.
The bubble is a layer down. Entire companies of 3 kids in a trench coast sprouting up like mushrooms and being subsumed in months with $multi-millon valuations which have nothing to really show for it beyond massive dependencies on social media and a refined LLM. Which is mostly par for the course anyway. But so the churn is huge and chaotic, with lots of cash flying around.