People keep asking me: "Is AI a bubble?"

Honest answer: parts of it, probably yes. But AI itself? No.

The parallels to the dot-com era are real. Insane valuations for companies with no revenue. "AI-powered" slapped on products that are basically if-else statements. Money pouring into infrastructure that may never see returns.

But here's the key difference I keep coming back to: Amazon survived the dot-com crash. Google survived. The companies building real products with real revenue survived.

OpenAI did $13B+ in revenue in 2025. That's not hype — it's a business. Companies are measurably more productive with AI tools. Developers are coding faster. Customer service costs are dropping.

Some companies will absolutely fail. The ones selling AI snake oil, the ones burning cash without a path to revenue, the wrappers with no moat.

But the engineers who build real products that solve real problems? They'll thrive regardless of what happens to the hype cycle.

Focus on value creation. Let the market sort out the rest.