Howard Morgan, the 80-year-old venture capitalist, has emerged from the Silicon Valley nursing home to announce that this AI frenzy is just like every other tech bubble. A correction is coming, he says calmly, but don't worry — the strongest companies will simply become much more powerful afterward.
It's adorable when people who've cashed out multiple times lecture today's frothy valuations. The man has seen Netscape, Webvan, and Pets.com rise and fall, yet here he is delivering the same 'this time the survivors will rule forever' speech like it's fresh insight instead of institutional cope wearing a suit.
