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I've Watched Every Tech Hype Cycle for 35 Years. Here's What's Different This Time, and What Isn't

Platform Labs

Every tech cycle runs the same play of euphoria and overspend; what's genuinely different about AI is the speed and cost collapse, but what's unchanged is that the winners adopt the right thing and make it pay, not the most.

Feb 19, 2026

Written by

Scott Mocha

Founder, Sticks & Glue

Back to Labs

I've Watched Every Tech Hype Cycle for 35 Years. Here's What's Different This Time, and What Isn't

Platform Labs

Every tech cycle runs the same play of euphoria and overspend; what's genuinely different about AI is the speed and cost collapse, but what's unchanged is that the winners adopt the right thing and make it pay, not the most.

Feb 19, 2026

Written by

Scott Mocha

Founder, Sticks & Glue

Back to Labs

I've Watched Every Tech Hype Cycle for 35 Years. Here's What's Different This Time, and What Isn't

Platform Labs

Every tech cycle runs the same play of euphoria and overspend; what's genuinely different about AI is the speed and cost collapse, but what's unchanged is that the winners adopt the right thing and make it pay, not the most.

Feb 19, 2026

Written by

Scott Mocha

Founder, Sticks & Glue

Electronic device

Modern infrastructure is evolving beyond simple automation. Systems now learn, adapt, and make decisions autonomously. This shift is transforming how we build and manage digital platforms.

Modern infrastructure is evolving beyond simple automation. Systems now learn, adapt, and make decisions autonomously. This shift is transforming how we build and manage digital platforms.

The pattern repeats. The tool changes. The mistake stays the same.

I've been building advanced technology long enough to have lived through several of these: the web, mobile, the cloud. Every cycle runs the same play. Euphoria, then overspend, then disillusionment when the magic doesn't materialize on schedule. And then, quietly, the part nobody posts about, where the people who scoped it for actual return win big.

So let me tell you what's genuinely different about AI, and what isn't.

What's different: the speed and the cost collapse are real, not hype. Things that took a team months take one experienced operator days. And the floor for who can afford custom solutions has dropped through the floor, so markets that were locked out are suddenly in play.

What's the same: the winners aren't the companies that adopt the most. They never are. They're the ones who adopt the right thing and make it pay for itself. Every cycle punishes motion mistaken for progress, and this one will too.

The tool is new. The discipline isn't. Find where it pays back. Prove it. Then build.

Every tech cycle runs the same play of euphoria and overspend; what's genuinely different about AI is the speed and cost collapse, but what's unchanged is that the winners adopt the right thing and make it pay, not the most.

Every tech cycle runs the same play of euphoria and overspend; what's genuinely different about AI is the speed and cost collapse, but what's unchanged is that the winners adopt the right thing and make it pay, not the most.

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