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It is foolish to compare to the dot com boom and bust. At least when that bubble burst we still had the global broadband internet that it built. When this bubbl
by asadotzler 1y ago
It is foolish to compare to the dot com boom and bust. At least when that bubble burst we still had the global broadband internet that it built. When this bubble bursts, we'll have next to nothing to show for it.
- sealeck 1y agoWe will have a mountain of GPUs!
- ghc 1y agoNothing except massive data centers full of GPU compute resources paid for by VC money. Wait, that's actually pretty similar...
- fnord77 1y agogpus go obsolete faster than fiber backbone equipment
- ghc 1y agoDo they? I figured each speed increase requires new optical equipment, but I guess I was just making assumptions.
- threetonesun 1y agoI'm starting to think that making a bunch of tech companies the most valuable companies on Earth, and tying their value to everyone's ability to retire so the number must always go up was perhaps not the wisest thing to have done.
- rightbyte 1y agoThey could close shop and you could print the money and give to the retirements fonds and everyone would be better off. Maybe Apple would be missed.
- silentsea90 1y agoWe have AI, a marvel that might change the arc of humanity and an epoch in our timeline. Fire, wheel etc. and AI.
- namesbc 1y agoI'll choose the wheel over using a country's worth of electricity to parrot unusable AI slop to gullible fools.
- silentsea90 1y agoIs AI not useful to you? I've sped up my SWE work significantly (10x). Not sure why the cynicism.
- SJC_Hacker 1y agoIf you're just talking about SWE work, thats only one segment of an economy and is the "virtual world". But humans have to live in the real world. I believe the true revolution is going to be when AI can start living / interacting with the physical world. Driverless cars might be the start here.