The AI industry is running on FOMO

THE VERGE

The companies that succeed may not be the most glamorous or consumer-facing — think coding agents, customer service AI, and potentially creative content generation, rather than solely AI social networks and all-purpose chatbots.

But there’s no fighting AI FOMO, and so any bubble-y parts of the industry have no sign of slowing down just yet — but Fath said he’s watching for if or when OpenAI slows down for any reason, and the same goes for Nvidia’s data center business.

“My sense is, when a board is sitting there, they’re asking the CEO, ‘What are you doing about AI?’” Fath said. “That’s the question they’re getting. And they need to come in with an answer prepared to say how they’re going to spend on that. And if the business starts to deteriorate, and they’re not spending in AI, there’s going to be a lot of criticism of those executives… even if we really don’t know what the returns will look like right now.”

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