Earlier this week a chunk of the Internet went offline, which should be a surprise for those who know the history of the Internet.

During the COVID pandemic just a few years ago prices of nearly everything in the United States increased because most products that we depend upon are manufactured in countries outside the U.S. and the shipping of those products was disrupted.

Both of these events exposed how fragile normal functions have become, and they should be lessons learned about the risks of depending upon an external entity. I think those who have long been warning us about these risks have been drowned out by the strong emphasis on open source and Internet application development that demands the use of external libraries. The culture says that one should not re-create the wheel and instead use the code already written by others as building blocks for your own application, thereby speeding up development in a race to toward making money.

The 21st Century is being built on blind faith of dependencies, with seemingly little thought on their risks, which is why all of the AI hype I see sets off nothing but alarm bells in my head. I see companies betting their future of the AI developed by a handful of other companies. I see the U.S. stock market driven up by the inflated value of those handful of companies even though most of those companies have not made any money.

What happens when capitalists stop throwing money at these companies when they realize there is no return? We saw this in the dot.com boom, as fast as those companies ran up they went out of business. So, if you are CEO of a company and you are “all in” on AI as the future for the products or services your company produces, realize you are “all in” on a handful of companies that might be gone tomorrow and ask yourself to which direction you are leading your company towards.