Emad Mostaque called it the “dot AI” bubble, likening it to the Internet bubble from the turn of the century.

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8 points

nope, I honestly think NFTs/Crypto/Blockchain/Web3 stuff was a bigger bubble, in that it was a technology that has practically NO real use.
AI is definitely more useful. Yes, the money pumped into it is possibly far more than into Web3 stuff, but I think the big players like MS, Alphabet and so on would not invest heavily into it, if they did not see huge potential.

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2 points
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it was a technology that has practically NO real use.

Buying drugs and anonymous gambling online is a use I guess.

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