The Pwavwe Papers

Technology • Artificial Intelligence • Markets • Strategy • 8 min read Echoes of 1999: Is the Generative AI Boom the New Dot-Com Bubble? The race to dominate Generative AI has sparked comparisons to one of the most infamous periods in financial history: the Dot-Com Bubble . Investors are pouring hundreds of billions of dollars into AI infrastructure , startups are attracting unprecedented valuations, and corporations fear being left behind. History does not repeat itself exactly, but it often rhymes. The Anatomy of Exuberance: The Dot-Com Era During the late 1990s, the rapid commercialization of the internet triggered an unprecedented investment frenzy. Investors became convinced that traditional business models would soon disappear and that online companies would dominate every industry. Growth became more important than profits. Many companies measured success through website traffic and user counts rather than revenue generation. Simply adding ".com...

Life: A Game or a Play? A reflection on purpose, choices, roles, and the strange beauty of being human. For centuries, humanity has wrestled with one deceptively simple question: what exactly is life? Some see life as a game — a competition filled with rules, winners, losers, rewards, and penalties. Others see it as a play — a grand performance where each person enters the stage, plays a role, leaves an impression, and eventually exits. Maybe both ideas are true. Maybe life is a strange mixture of strategy and performance, choice and chance, control and improvisation. Life as a Game Imagine life as the most complex game ever created. You begin with a character you did not fully choose. You do not select your birthplace, your family, your early circumstances, your genetics, or the environment that first shapes you. The game simply begins. Some players start with advantages. Others begin with obstacles. Some are handed maps. Other...