The hype among corpos that AI is going to replace all labor is stupid. But when the bust happens and the hype dies down, we’re still gonna be ordering pizzas online, Amazon will exist, and it’ll be a thing we work with forever.
What’s different about this boom is that it’s being used to fund purchases of land, computer hardware, and data centers. Unlike the dot com bust, where all the devalued companies left behind was mostly useless websites.
So they’ll be able to maintain their market dominance of AI, just under private ownership instead of the defunct public companies that went bust.
This is a ball and cup game, more so a Ponzi scheme, than the fomo pump and dump that was dot com.
It’s the dotcom boom and bust.
The hype among corpos that AI is going to replace all labor is stupid. But when the bust happens and the hype dies down, we’re still gonna be ordering pizzas online, Amazon will exist, and it’ll be a thing we work with forever.
What’s different about this boom is that it’s being used to fund purchases of land, computer hardware, and data centers. Unlike the dot com bust, where all the devalued companies left behind was mostly useless websites.
So they’ll be able to maintain their market dominance of AI, just under private ownership instead of the defunct public companies that went bust.
This is a ball and cup game, more so a Ponzi scheme, than the fomo pump and dump that was dot com.
Edit: It’s Enron 3.0
So you’re saying there’s gonna be a glut of graphics card and RAM eventually?
Sadly probably not.
This ball and cup game is basically Enron 3.0; where they use revenue they haven’t earned yet, to pre-purchase ram/hardware that hasn’t been made yet.
Since all of them are in bed with each other I doubt us poors will see more than mere drips when everything gets liquidated.