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this post was submitted on 04 May 2026
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Technology
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This bubble pop is gonna be fucking insane
ehich wont affect anything mentioned in this article. you do realize when the dotcpm bubble bursted, the web didnt gonaway. we actually do buy pet food online now. (seeling pet food was thr last thing before the burst)
its just the small companies that popped up trying tk ride the wave will go away. the crazy hardware ramp up will die down. anthropic isnt going anywhere
Dot com wasn't about the web, but about what could be done with it. Those who built something sustainable lasted, the rest couldn't. Just like the computer company bubble before in the 80s, where anyone could jump onto the new thing, but few lasted more than a year or so because they didn't have much beyond their beginning idea. The problem with using the for LLMs is that the product itself is questionable in nature, unlike computers or the internet. I have no doubt Anthropic will stick around as they were part of the innovation and still are, but that requires LLMs/AI as it exists now and the direction they continue to go to be viable. The line all of them spiel is it's a gateway to actual AGI, but anyone who understands the science knows that's not going to happen. At most LLM tech is used in part by AGI for forming its ideas and speech, but not the core.
So it's not a bubble like those others. But the tech itself is a bubble, as the attempts to force it everywhere to validate its investment cost fail.
Yes, there is possibly too much money in it for what it potentially can deliver within 5, 10, 15 years from now in terms of revenue, but even if the technology stopped evolving today and we would just keep getting faster and cheaper outputs, it would still be incredibly useful and valuable. And of course, it's not stopping.
I said questionable in nature in comparison to the other two bubbles, which were established technology to build off of.
I agree on usefulness, to a point. It's being used everywhere, and while an LLM breaking in some situation can be countered, look how many places it's being given full reins and crossed fingers. Knowing it makes mistakes. Bad mistakes, Maybe not often, but sometimes you need as close to 100% as possible, with redundancies in place.
I use LLMs myself, and in just using it for things that aren't critical, I'll catch that small percentage and realize, it's not good enough for most things it's being put in. I do find it amazing that it produces what it does, but that doesn't make me ignore when it breaks gloriously.
It was 100% about the web. But to be clear, for this conversation we have to be pedantic. when i say web, i mean the world wide web, the service that runs on the application layer of the internet. I am not talking about the internet itself. I was working as a software developer and a lot of people thought web pages weren't going anywhere. AOL was how people accessed online but there were competing products to the WWW, the biggest competitor was gopher. Web pages were not as functional at first and were seen as a fad, like an online business card. So yes people doubted the WWW app/tech itself.
I know, I was there. I was on Quantum Link, which AOL would later buy out for the infrastructure to build on. I was with Compuserve and Prodigy before moving to AOL. Webpage commerce was already a thing before the crash, it just wasn't as established as it is now. Even Amazon had started going past just books into selling other things. I'll agree that what the web would be used for and how was still being figured out, but it was far past any niche thing by the late 90s. The wiki on the crash is an interesting history read. In the end, it was a stock crash because people were literally making up companies that didn't exist and getting money for it. Getting back to the topic at hand, sounds a bit familiar.