3 ms·
It can be simultaneously true that AI is a world changing technology, with drastic consequences for how we live our lives and it is a massive financial bubble,
by constantcrying 10mo ago
It can be simultaneously true that AI is a world changing technology, with drastic consequences for how we live our lives and it is a massive financial bubble, built on extremely overconfident bets.
This exact scenario happened with the dotcom bubble. Inarguably Internet services drastically changed everyone's daily lives, yet the buildup of Internet infrastructure was based on excessively optimistic predictions, leading to a bubble.
- timacles 10mo agothe dotcom bubble (and the current AI bubble) were based on excessively optimistic bets, by people who know/knew NOTHING about those technologies. It was exuberance by greedy wall street players and laymen looking to make a buck. Why wouldnt the tech CEO take the billions of dollars thrown at them if they had the chance?