I was challenged by this question, and an excerpt of the answer is the image. "This process has just begun, less than 3 years ago, and will take many years to get to saturation. All other applications of AI will be happening at the same time. A more relevant analogy is the electrification of the late-19th and early-20th centuries rather than Cisco’s 1990s telecom equipment bubble. Electrification had immediate killer application, the electric light, with an unlimited demand -- followed by all kinds of machinery later."

Another excerpt of the answer.

Another excerpt from the answer.

BTW, These are not well-known quotes from Thomas Edison. I read through old papers from the early 1890s a day at a time to trace this electricity history.