Please please may all of this implodes and all tech giants go broke because people realize whe don’t need them, we already have the fediverse and open-source softwares so can build a fair digital economy and get rid of the GAFAM and their friends.
That’s not how bubbles popping works. If the bubble pops, AI is here forever. It’s a bubble because there are more investors than there can be profit takers. The pop, is those investors losing money. But a TON of people that invested early, or make the product, become incredibly wealthy, and the companies that survive because household names for the next generation.
That’s not even the worst, or IMO most likely outcome.
IMO nobody who “invests” will come out ahead. This whole thing is a combination ponzi-scheme + ball-and-cup game with IPOs invested in other IPOs and circular revenue streams respectively. As such the bubble will only burst when the billionaire class decides to stop bailing it out. When that happens, companies are liquidated and their assets are sold off at a discount to priveledged buyers. AKA the billionaires will just own it directly and by that point we wont be able to do shit.
We are at a pivotal shift in technology where computing power matters more than money. When the bubble bursts the physical assets that let them control the internet and us will remain.
Thats why they want killer robots. Once they have those they basically win.
Please please may all of this implodes and all tech giants go broke because people realize whe don’t need them, we already have the fediverse and open-source softwares so can build a fair digital economy and get rid of the GAFAM and their friends.
That’s not how bubbles popping works. If the bubble pops, AI is here forever. It’s a bubble because there are more investors than there can be profit takers. The pop, is those investors losing money. But a TON of people that invested early, or make the product, become incredibly wealthy, and the companies that survive because household names for the next generation.
Damn you and your sad truths. Where are my rose-coloured glasses?
That’s not even the worst, or IMO most likely outcome.
IMO nobody who “invests” will come out ahead. This whole thing is a combination ponzi-scheme + ball-and-cup game with IPOs invested in other IPOs and circular revenue streams respectively. As such the bubble will only burst when the billionaire class decides to stop bailing it out. When that happens, companies are liquidated and their assets are sold off at a discount to priveledged buyers. AKA the billionaires will just own it directly and by that point we wont be able to do shit.
We are at a pivotal shift in technology where computing power matters more than money. When the bubble bursts the physical assets that let them control the internet and us will remain.
Thats why they want killer robots. Once they have those they basically win.