That’s my main concern with the bubble as well. The economy functions better with diversity. There are so many industries that could use funding outside of tech and some that could use funding with some new tech approaches.

Just the sheer size of investment into a single idea should worry people. Diversity is very important.

There's a reason why every pre-existing startup has been slapping AI all over their products - it's basically the only way to get funding at the moment.

I think this has been a phenomenon since VC became a thing, there's always been trends and fads - CEOs have had to chase them even when it doesn't make sense for the product.

I think this is the most wide-scale one I can personally recall (although I presume dotcom boom was similar), but I remember through the 2010s every database startup having to chase the same ball-game. Everyone was doing NoSQL, then everyone was doing analytics etc. Of course now all those companies have AI-native, vector-embedding, RAG, MPCs slapped all over their products.

> Evidence that large VC rounds are getting very concentrated on AI (specifically the kind where you need to buy lots of NVIDIA gear).

The most recent $1B+ funding rounds:

Zipline - Nov 5 - $1.5B

HUMAIN - Nov 3 - $2.6B

Fal - Nov 3 - $1.3B

OpenAI - Oct 31 - $11B

Kalshi - Oct 29 - $1B

Also evidence that Nvidia is funding its own customers and artificially boosting demand. What could possibly go wrong?

Do you have evidence that a non-AI company can be good?