Summary:
- This article discusses the similarities between the current investments in AI technology and the dot-com bubble of the late 1990s.
- It explains how some companies are engaging in "circular investment deals" where they invest in each other's AI projects, creating an illusion of growth and value that may not be sustainable.
- The article warns that this type of investment behavior could lead to a bubble in the AI industry, similar to the one that occurred during the dot-com era, and cautions investors to be cautious about these types of deals.