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.
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.
Nothing except massive data centers full of GPU compute resources paid for by VC money. Wait, that's actually pretty similar...
I'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.
They 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.
gpus go obsolete faster than fiber backbone equipment
We have AI, a marvel that might change the arc of humanity and an epoch in our timeline. Fire, wheel etc. and AI.
I'll choose the wheel over using a country's worth of electricity to parrot unusable AI slop to gullible fools.
Is AI not useful to you? I've sped up my SWE work significantly (10x). Not sure why the cynicism.
We will have a mountain of GPUs!