Peter St. Onge

2000, meaning the bowl's about to pop.

So that's where I think we are.

But if, for example, capital expenditure were to suddenly collapse, if OpenAI were to cancel a bunch of investment, if data centers are being pinched because of energy problems.

OK, so if those things happen, then I think you'd have to

pull in the horns a little bit and at least prepare for the possibility that AI could have a winter, just like .com had a winter, right?

So if you look at .com usage, right, usage of the internet, and you trace that from 1995 all the way to today, you can't see the .com crash in usage.

Right.

You know, it's not like everybody.

Yeah.

So like everybody in 2001 didn't stop using the Internet.

Right.

And in fact, it actually escalated because you have social media coming in the so-called Web 2.0.

So usage didn't collapse.

Values collapse.

And so that's what I think you want to keep an eye on.

I think we are.

guaranteed that AI is going to be widely used, is going to have a huge impact on society, probably bigger than the Internet.

I think it will be bigger than the Internet in terms of the economy and profits.

However, it is entirely possible that it would be punctuated.

Now, generally, when you look back through history,