Will AI crash like the dot-com boom?

In the late ’90s, India fell in love with the internet. Neon-lit cybercafés were everywhere; companies were adding “.com” to their names to double valuations with little more than a URL and a pitch deck; investors believed they were sitting on a gold mine, dreaming of a future where clicks would replace commerce. Valuations soared. Startups with no revenue—and often no product—were going public. Then came 2000: the music stopped, and the mirage cleared. Trillions of dollars and inflated dreams evaporated.