Galois Capital recently shared an interesting take on the AI boom. Their point isn't that AI lacks real value. It does. The concern is that capital may be flowing faster than the technology itself can mature.
We've seen this pattern before. The dot-com era, DeFi Summer, NFTs, each started with genuine innovation before expectations and valuations raced ahead of reality.
⌛ AI could be entering a similar phase.
That doesn't mean the technology is overhyped. It simply reminds us that great technology and great investments aren't always the same thing. The real winners may not be the projects with the biggest valuations today, but those that continue building products with lasting utility long after the hype fades.
💬 For builders and investors alike, the lesson may be the same: Focus on utility, not hype. Markets are cyclical, but products that solve real problems tend to outlast every cycle.