Neil on why AI spending today is different from the dot-com bubble: "A lot of the investment in networking equipment historically was speculative. We anticipated this future demand for users that never came. What's interesting about token consumption is that it's no longer speculative. People buy tokens because they're immediately valuable to them. You don't hoard tokens. You use them immediately. This is even different from what we had two years ago, where there was a supply crunch for…