The AI bubble is the bubbliest bubble that ever bubbled. We’ve covered at length how venture capital is moribund except AI and especially OpenAI, how the VCs are desperate to keep the party pumping…
  • CinnasVerses@awful.systemsEnglish
    12·
    3 days ago

    Stripe the payment processor published a book asking “what if bubbles are good and necessary? Was it economically rational to discover America?” The authors have a startup called Anomaly Capital. https://press.stripe.com/boom

    Scroll down to the book by a Dwarkesh Patel who interviewed all our favorite people.

    • rook@awful.systemsEnglish
      11·
      2 days ago

      That’s impressively awful.

      Was it economically rational to discover America?

      I ain’t gonna buy this crap, and I don’t think I can be bothered to steal it, but… I hear that the triangle trade was quite lucrative back in the day. I wonder how they characterise the slave trade in their book, and whether they consider its ending a good thing or not.

      I mean, maybe even pause briefly to think about why the west indies were called that. Or think about what empires value. Or to think at all, really.

      from the Manhattan Project and the Apollo program to Moore’s law and Bitcoin

      No vaccines or antibiotics, but bitcoin is a world-changing invention? Someone’s been insulated from consequences all their life. Here’s hoping they lose everything in the Great Depression 2: Greater and More Depressing, whilst loudly proclaiming that a the invention of ai waifus was worth the destruction of civilisation.

      • CinnasVerses@awful.systemsEnglish
        11·
        2 days ago

        They don’t like to talk about solar panels and battery technology do they? But those are obvious examples of a technology on the vertical part of the S-curve right now. And computing is not just hardware (Moore’s Law and blue LEDs) but also algorithms like A* or ActivityPub Protocol and software like Google Search.

        • rook@awful.systemsEnglish
          10·
          2 days ago

          Techbros learn anything from history, even recent history… difficulty level: impossible.

      • CinnasVerses@awful.systemsEnglish
        5·
        2 days ago

        It reminds me of the “infinite scroll” archive of a Substack blog which also freezes or crashes if you search a blog with a few hundred posts so fortunately they don’t encourage you to post often (picks up note card) um, although they encourage you to post often