en.wikipedia.org/wiki/Dot-com_bubble
There were certainly companies that survived, because yes, the idea of websites being interactive rather than informational was huge, but everyone jumped on that bandwagon to build useless shit.
As an example, this is today’s ProductHunt
And yesterday’s was AI, and the day before that it was AI, but most of them are demonstrating little value with high valuations.
LLMs will survive, likely improve into coordinator models that request data from SLMs and connect through MCP, but the investment bubble can’t sustain