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The current AI circle is experiencing the DeFi Summer of early 2021 in the crypto world.
1. Every day, countless innovative projects emerge (although most are not very valuable)
2. Practitioners are all full of enthusiasm and unlimited energy
3. Project valuations and pricing are crazy, and funds are participating regardless of cost
4. Everyone is very anxious but excited
But what’s different is that, at that time, the crypto world was a zero-sum game with policy bombs hanging overhead, whereas the current AI circle has strong positive externalities and legitimacy.
As a crypto industry practitioner, honestly, I envy the current AI industry practitioners because anyone who experienced that wave of DeFi Summer knows how big the wealth effect can be.