nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqhykucplphuhelaxutcw4jw3vuu7gcg42czhqmk7jhchs8vdga4fschugpy (nprofile…ugpy) wrote a great post on the AI bubble, and this is a standout section.
As critical as I've been about the tech in my blog posts, I've tried to make space for people who have/will find useful, scoped applications.
Doesn't make any of this worth it. Also, this way of financing creates terrible path-dependencies.
But our goal, as I see it now, is to educate and steer society towards better use cases after the bubble, to prevent Big Tech from reasserting their agenda.
quotingI can easily imagine that *I* will find some of those post-bubble tools useful, and that in 20 years I will still be using them, just as today, I am still using some of those early post-dotcom bubble services and tools.
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And despite all that, *IT IS NOT WORTH IT*.
The residue that is left behind by *every* bubble is subsidized, but that subsidy doesn't come from the deep-pocketed investors who are gripped by "irrational exuberance."
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