Investor Challenges Dot-Com Bubble Comparisons for AI Boom, Highlights Revenue Growth

Byron Deeter of Bessemer Venture Partners dismisses parallels between the AI boom and the dot-com bubble, emphasizing tangible revenue growth as a key differentiator. "Companies like OpenAI and Anthropic are already generating billions," Deeter noted in a CNBC interview, countering concerns over inflated valuations. His portfolio includes Anthropic, Canva, and Perplexity—all leveraging distinct strategies, from challenging Google's search dominance to enterprise API solutions.

Deeter projects the AI market could dwarf traditional software, urging investors to recalibrate expectations: "Add a zero to past estimates." He remains bullish on infrastructure investments paying off, framing AI as a productivity multiplier rather than a job displacer. "Tech optimism" prevails in his outlook, anticipating efficiency gains and higher-value roles emerging from automation.