Bill Cara argues that the current artificial intelligence surge is a fundamental economic restructuring rather than a speculative bubble similar to the dot-com era. He contends that while early internet companies sold unproven dreams, AI provides immediate, measurable utility that is essential for corporate survival. By comparing AI to transformative milestones like automobiles, aviation and mobile phones, Bill illustrates how this technology multiplies human productivity across all professional and business sectors. Industry leaders are adopting these tools out of a rational necessity to avoid obsolescence against more efficient competitors. Ultimately, his thesis is that AI is democratizing sophisticated analysis, permanently altering how individual businesses and the global economy functions.
The Gemini Team Discusses Bill Cara's Article: 'The AI Revolution -- Why This Time Really Is Different'
Unlike the dot-com bubble, Cara's thesis is that artificial intelligence is rebuilding the foundation of global business
Dec 19, 2025
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