The AI Investment Boom

I've been in the former since '21 and have seen every single cycle since 2011 in the latter, I can assure their is more dumb money in the former than in the latter; (just by scale alone) at least in the latter whether it was ICO or NFTs or whatever mal-investment was promptly punished (rugpulls/exit scams) companies like INTEL get to stay in Zombie mode because of the corpo-welfare that the US doles out while shaming everyone else to be prudent with their investments while these corps and banks spend like drunken sailors and tries to strangle the former out of existence (rightly so in most cases as most crypto is a total scam).

With that said, what you will see emerge are some incredibly established players in both fields that will have the staying power to change how the Industry is shaped around them: Nvidia and Bitcoin are comparable to one another in that respect.

Both have/had crazy volatility but the staying power and just the fact they remain firmly at the center of both Industry's is rather telling that you simply don't see what these technologies offer because of the hype and boom and bust cycles.

As a person who directly benefits from this: I can assure you most of these VCs are exit liquidity just as most foolish people are for the alt scams of yore, execpt the US economy (likely all of the Western World at this point) isn't entirely reliant on the promise of vapourware with 'crypto' in any capacity, weheras the same cannot be said about the theatrics of Jensen's Nvidia.

Source: I build data center infrastructure for these mega corps doing 'AI' and I'm doing an MSc in CS (Big Data) and been a Bitcoiner since Satoshi was still on BTF.

edit: if it isn't clear I'm a staunch opponent of cryptocurrency in any form.

It's very clear, but your exposure to zealots, on both sides, shouldn't deter you from being objective and seeing what these technologies actually offer. Hence why i wrote that part in the 2nd to last paragraph.

HN has such misinfored vitriol for any technology it didn't ordain itself, you sem to be of that cohort, what's odd is that very same people who gave you VC.SV funded startup land are all major backers of this technology.

I can just summarize this in one phrase: you seem to collectively not know, what you don't know and make leaps in logic and misinformed judgments from that POV.