AI Tulips
A field guide to navigating AI hype cycles
In the winter of 1636, a single tulip bulb sold for more than a canal house in Amsterdam. Bidding wars broke out in taverns. Promissory notes for rare bulbs were traded like startup term sheets, with about the same level of scrutiny. One bulb, the Semper Augustus, reportedly fetched 5,500 guilders, close to two hundred thousand US dollars in today's mon…
