When the dot com bubble popped it’s not like the internet went away. Everything you’re saying also applies to the internet, we didn’t go back to the way the world was before the internet.
Yet the bot com bubble popped.
The long term viability of a technology does not indicate whether there’s “irrational exuberance” in the short term. Buying up GPUs that’ll depreciate in a few years when there won’t be power to run them in that time frame? Yup it’s a bubble, and it will pop. That doesn’t mean the tech will go away. Just it will be used in more reasonable ways and developed over the next decade instead of it being “it will replace all jobs in field X within six months” while wasting cycles jamming it into everything to create numbers about it’s usage constantly rising by huge amounts.
When the dot com bubble popped it’s not like the internet went away. Everything you’re saying also applies to the internet, we didn’t go back to the way the world was before the internet.
Yet the bot com bubble popped.
The long term viability of a technology does not indicate whether there’s “irrational exuberance” in the short term. Buying up GPUs that’ll depreciate in a few years when there won’t be power to run them in that time frame? Yup it’s a bubble, and it will pop. That doesn’t mean the tech will go away. Just it will be used in more reasonable ways and developed over the next decade instead of it being “it will replace all jobs in field X within six months” while wasting cycles jamming it into everything to create numbers about it’s usage constantly rising by huge amounts.
Yeah that’s a very good point! Thanks!