Not something I believe full stop, but imo there are signs that should there be a bubble, it will pop later than we may think. A few things for consideration.
Big tech continues to invest. They are greedy. They aren’t stupid. They have access to better economic forcasting than we do. I believe they are aware of markets for the /application/ of AI which will continue to be profitable in the future. Think of how many things are pOwErEd By ArTiFiCiAl InTelIGence. That’s really speak for we have api tokens we pay for.
Along these lines comes the stupid. Many of us have bosses who insist, if not demand, we use AI. The US Secretary of Defense had his own obnoxious version if this earlier this week. If the stupid want it, the demand will remain if not increase.
Artificial intellegence is self replicating, meaning if we feed it with whatever stupid queries we make, it will “get better” at the specifics and “create more versions”. This creates further reliance and demand on those products that “do exactly what we want”. It’s an opiate. Like that one tng episode with the headsets (weak allusion and shameless pandering I know)
IMO generative AI is a dead end which will only exacerbate existing inequity. That doesn’t mean there won’t continue to be tremendous buy in which will warp our collective culture maintaining it’s profitability. If the bubble bursts, I don’t think it will be for a while.
Yeah, they are. So much tech out of the USA is a house of cards built on bullshit. There is so much bullshit, it’s consumed an industry that after digitization of practical databases once on paper, has no new ideas.
" bullshitters seek to convey a certain impression of themselves without being concerned about whether anything at all is true. They quietly change the rules governing the conversation so that claims about truth and falsity are irrelevant. Although bullshit can take innocent forms, excessive indulgence in it can eventually undermine the bullshitter’s capacity to tell the truth in a way that lying doesn’t. Liars at least acknowledge that the truth matters. Because of this, Frankfurt says, “bullshit is a greater enemy of the truth than lies are.”
Harry G. Frankfurt, On Bullshit. Princeton Press.