>A.I. is being financed and controlled by multitrillion-dollar companies like Microsoft, Google and Meta that are in no danger of going kaput, unlike the dot-com start-ups that were little more than an idea and a bunch of engineers.

What about Anthropic and OpenAI both being in loss? What about various other VC funded AI companies? Those are essentially the description of the last line.

>Many business leaders, by contrast, are eager to take up A.I. as soon as they can.

> Relatively few regulatory barriers are standing in the way of A.I. The Trump administration is doing all it can to enable an A.I. future.

Are they? Aren't there a load of compliance issues popping up wrt to data privacy? How many businesses today are laying off people actually because of AI (vs just claiming AI for headcount reductions)?

Mostly throughout the article, every point that argues in favor of "this time its different" has an equally problematic "time is a flat circle" when you re-read it. Some examples:

>many dot-com businesses did not work because the products were too expensive and the customers too few.

>Dot-coms were under great pressure to rack up revenue and justify their extreme valuations.