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The pivot of the article is this, at the end: "There are no other hypergrowth markets left in tech." That's the key. Tech is, at the moment, the only growth e
by Juliate 1y ago
The pivot of the article is this, at the end: "There are no other hypergrowth markets left in tech."
That's the key.
Tech is, at the moment, the only growth engine for capitalism at this time, that sustains the whole world economy (before, it used to be "just" IT [2015], credit [2008], oil [1973], coal, which all have demonstrated their limits to sustain a continuous growth).
AI is the only growth engine left within tech at this moment, supported by GPU/TPU/parallelization hardware.
Given what's at stake, if/when the AI bubble bursts, if there's no alternative growth engine to jump to, the dominos effect will not be pretty.
EDIT: clarified.
- demosito666 1y agoGood. The the sooner this idioticy ends the better.
- antihipocrat 1y agoCould say that capital has been searching for the next great productivity tech for a while now. AI presents this opportunity, and is the only idea available that could actually work. It's no wonder that capital has flooded in to support it. Thing is, if it succeeds at the pace and extent that the optimists are predicting then the economic disruption will be massive.. and if it doesn't succeed, and there is no other alternative available for long term productivity improvement, then the economic disruption will also be massive.
- Juliate 1y agoMy bet is that either there is something sustainable and sense-making outside of IT to drive economic stability and evolution (away from growth, which is a dead-end on a finite planet) or we are toast for good. The odds are even worse because of the time pressure climate change imposes on us.
- nyarlathotep_ 1y ago> The pivot of the article is this, at the end: "There are no other hypergrowth markets left in tech." Bingo. This is the last attempted hurrah. Party's over.