Debunking AI Bubble Skeptics: Remember When Everyone Insisted Uber Was a Fraud?
BenBajarin · x · 2026-10-30
Timothy B. Lee pushes back on AI valuation skeptics by citing his 2015 Vox piece: Uber was derided as overvalued at $17B in 2014, yet funding rounds pushed its perceived value to $60-70B on winner-take-all logic. Replies note Tesla skeptics persisted deep into 2019 even after Model 3 finances looked solid. The argument: tech bubble history counsels humility about dismissing AI valuations.
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