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Another analogy that might prove more apt than 17th century tulip mania is Russian railways at end of 19th / start of 20th century. All the private money going
by repelsteeltje 1y ago
Another analogy that might prove more apt than 17th century tulip mania is Russian railways at end of 19th / start of 20th century. All the private money going into "sovereign companies" that might be snapped at an instant by respective American/Chinese/Korean/Taiwanese government.
- simne 1y agoI have really interesting question for you: could you suggest any other transport for so terrestrial country as Russia, country level scale, NOW, even not start of 20th century?
- repelsteeltje 1y agoNothing wrong with building railways. And like tulip bulbs and AI some investment is indeed warranted. The point is that people sometimes have way too high expectations about ROI and ignore or underestimate the greater (historical) context of the novelty.
- simne 1y agoOk, I have question - do you know, what is most valued feature of existing AI for business and would you estimate its value?