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Jul 23Liked by swyx & Alessio

During the peak of the dot-com bubble, technology, media, and telecommunications companies used more than 100% of their operating cash flow for capital expenditures and research and development.

Today, the figure for AI-related expenditures is 72%.

Even if the AI industry is a bubble, it is far from bursting at the moment.

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Jul 22Liked by swyx & Alessio

Good read, thank you!

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