AI isn’t new
But here’s the twist — AI isn’t new. It existed in the 1970s, but lacked the fuel:
📊 data,
⚡ compute power (Nvidia GPUs),
🌐 and global adoption.
Conditions have changed
From an investment banking lens:
🔹M&A and IPOs → AI firms are valued at aggressive multiples
🔹Capital allocation → billions flowing into GPUs and cloud infra
🔹Consolidation → dominant players could absorb smaller firms
AI is real
AI may see short-term froth, But the underlying technology is even more real.
Remember: the ashes of the dot-com bust gave rise to titans like Amazon and Google. We are in a similar foundational moment but today’s AI hype cycle may give rise to tomorrow’s dominant
firms.
