2023+ Gen AI Tsunami is like 1990s Dotcom Boom

Sachin's Take : In the 1990s, the dotcom boom revolutionized our world in unprecedented ways. Now, nearly 30 years later, we stand on the brink of an AI revolution, poised to be even more impactful and transformative than the dotcom era. I am calling this "AI Tsunami"

1990s, the Internet Boom

The world underwent a major technological transformation in the 1990s with the growth of the internet. This shift saw the internet and computers move from being used exclusively in business to becoming integral to both business and personal life. As a result, thousands of companies emerged, addressing various challenges people faced while using the internet in both domains. The "internet boom" of the 1990s changed the trajectory on multiple levels, marking an era of exponential growth and new technologies that enhanced the efficiency of both people and machines.

This boom was primarily centered in the US, where visionary leaders developed world-class products in the 1990s.

2023+, Just a start of the Gen AI Tsunami

AI is a transformative technology, and we are still in its very early stages. In the next five years, Generative AI will revolutionize almost every aspect of our lives, ushering in what can be described as a "AI Tsunami." It will:

• Reduce unwanted tasks

• Take over mundane jobs

• Challenge existing solutions

• Present previously unknown information

• Simplify decision-making

People will become more efficient and focus on solving problems that Generative AI cannot address. Much like the 1990s, we will witness the emergence of thousands of companies tackling a wide range of challenges.

Fortunately, the wave of Generative AI is spreading across every country. We can anticipate futuristic and groundbreaking products from visionary founders and researchers in every corner of the world.