Is AI the new crypto? - by John Luttig - luttig's learnings

The nuclear winter techpocalypse arrived, sparing only artificial intelligence. Peak AI indicators are everywhere. Can it maintain the faith that crypto lost?

Image generated by Midjourney The nuclear winter techpocalypse arrived: software, SPACs, fintech, and crypto all entered a deep freeze. AI may be the only sector wearing a parka. Peak AI indicators abound. VC thought pieces and tweetstorms have reached all-time highs. Fair-weather fans from the crypto boom have migrated. MBAs may soon outnumber nerds. Just a year ago, crypto had comparable froth. Can AI avoid crypto’s bubble-bursting fate? Crypto provides a cautionary tale for excessive hype, with four critical flaws: Capital: Crypto-specific capital sources cleaved from traditional…

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