Ben Horrowitz says AI is different from the dotcom bubble because this time there's a supply shortage, not a lack of demand "This shortage is so bad, I was speaking with Andy Jassy who runs Amazon yesterday. And I said, 'yeah, we're out of everything until 2028'. He's like, 'Oh, it's beyond 2028. End of 2028, maybe. So everything else is sold out.'" "So he has the advantage of that he's got supply in a great shortage, which is extremely different than the internet bubble. The internet bubble, we didn't have enough demand because we had to build the internet, people had to get broadband." "You needed all this stuff, people had to get their browser app, etc. There weren't enough consumers on the internet to absorb all the bandwidth that had gotten built out." "And they had a massive amount of debt, not unlike what we're building today, although not as big. But the lack of demand killed it. We don't really have a lack of demand in AI. So I think the dynamics will be different." "I do think that for sure if you get into a pathological debt situation, that can wreck anybody. It's why, by the way, we're not invested in any of these neoclouds either, for that reason, because that whole thing scares me, having been through it."