Quote · Excess Returns
The 100 Year Thinkers: Chris Mayer on SpaceX, AI Reckoning, and Why Early Is Overrated
Where this was said
The AI pause, the dot-com analogy and where real value may emerge
At 14:11 · chapter starts 12:05
Mayer predicts an AI rationalization akin to the dot-com bust, noting that companies adding AI features without solving real problems will face a reckoning — and the winners may be ordinary businesses. [1] — Chris Mayer "Every company is adding AI features because it's the thing to do — not because it solves a problem. The returns won't materialize, a pause …" 12:00
Chris Mayer shared anecdotal evidence from expert networks showing that some large enterprise customers consider their software vendor's AI product a complete waste of time that adds no value.
Pets.com died. Chewy lived. Lots of dot-com ideas didn't work until someone figured out the real problem. The same dynamic is playing out with AI — and the eventual winners may not look like tech companies at all.
