Good luck with that I guess

The "I" in "AGI" stands for IPO.

So as we can clearly observe: "AGI" which at this point is (A Giant IPO) is almost here.

Now all of humanity will benefit from this being e̶x̶i̶t̶ ̶l̶i̶q̶u̶i̶d̶i̶t̶y̶ shared by everyone for everyone. Right?

Throughout the “AI bubble” talk in 2024 and 2025, I consistently argued that we were nowhere near the peak of the AI bubble. So far, that view has held up, as valuations are significantly higher today than they were in 2024 and 2025.

If you look at the way the dotcom bubble unfolded, dotcom didn't take off until after Netscape IPOed in 1995. The market had 5 more years of growth until the collapse. And even after collapse, the Nasdaq was 2x higher post pop than in 1995.

If history repeats itself, the stock market will take off after OpenAI and/or Anthropic IPOs. Be scared when random AI companies IPO with bad ideas and no revenue.

My posts on AI bubble over the years:

* https://news.ycombinator.com/item?id=40739829

* https://news.ycombinator.com/item?id=43385830

* https://news.ycombinator.com/item?id=47035647

* https://news.ycombinator.com/item?id=46241944

Can't wait to see those revenue numbers.