this post was submitted on 12 Oct 2024
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The amount of websites isn't what eventually consolidated. Internet traffic did, and the value of domains went way down. That's why it's described as a bubble.
There's no way internet traffic hasn't drastically increased. Also, domain price wasn't what bubbled...
And don't miss my main point. That is that if there's an "AI bubble" it has nothing to do with AI disappearing, consolidating or even stop increasing if the bubble burst. Same as happened with internet and dotcom bubble.
This kind of bubbles mean that there's a bunch of companies overvalued and will disappear once they cannot keep getting investor money without any real return. But it means nothing to the core technology that will continue and keep being developed.
Consolidated == decreased.