Biden chaos, Soft landing secured? AI sentiment turns bearish, French elections

2015.297 - 2038.226 Jason Calacanis

And basically what happened next was that the telecom companies spent a ton of money building out broadband. And people started upgrading to broadband. Then we had the dot-com crash. Everyone thought that telecom companies had wasted billions of dollars investing in all this broadband infrastructure. And it turned out that no, they were right to do that. It just took a while for that to get used.