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AI is bad because it is eating all the capital in the economy and suffocating everything else.

• api 11mo ago
  This is a bubble. It reminds me more of the dot.com bubble than any other. I was in college but also working in the field then and saw that one come and go. It’s like the dot.com bubble in that yes, there is a lot of “there” there, but there is also a ton of premature hype and speculation. What reminds me most of dot.com is how people are shoehorning AI into everything to ride the hype wave. During dot.com there were cases of boring companies adding .com to their name or opening an online division and seeing their stocks increase 10X in 24 hours.
  • zerosizedweasle 11mo ago
    Yeah. Right now the combination of high interest rates on my student loans (because the bubble has kept it artificially high) and career prospects make life bleak. It's not enough when the fed lowers rates a bump. All that gets eaten up by the bubble.
  • derangedHorse 11mo ago
    Everything seems like a bubble to the people who got burned in the dot com era. Hype is automatically attributed to there being money disproportionately flowing to vaporware. That isn’t what I’ve observed. I think a lot of the current AI companies will fail, but I don’t think it’ll be from a failure to deliver a product or generate revenue. I also don’t think there have been valuations or investments that are any more extreme than they have been in the last decade.