Episode 2122: Is the AI Tech Boom of the 2020s a Repeat of the Wall Street Mania of the Roaring 1920s?

Last week, That Was The Week publisher Keith Teare and I discussed whether Silicon Valley has an AI Bubble Problem. And we return to the same subject today, comparing today’s AI driven Wall Street techno-mania with the automotive centric Wall Street madness of the roaring 1920s. As usual, Keith is the optimistic, arguing that stock market booms are always founded on some new technological reality. And, as always, I’m the pessimist, fearing that the current Big Tech AI driven Wall Street boom will end in a similar kind of economic catastrophe to the Great Crash. Keith Teare is the founder and CEO of SignalRank Corporation. Previously, he was executive chairman at Accelerated Digital Ventures Ltd., a U.K.-based global investment company focused on startups at all stages. Teare studied at the University of Kent and is the author of “The Easy Net Book” and “Under Siege.” He writes regularly for TechCrunch and publishes the “That Was The Week” newsletter. Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children. Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe