The worst kind of tech hype is when something is portrayed as inevitable and unstoppable, with criticism or doubt blithely dismissed as "they don't get it".

Just because a giant tech company pours vast amounts of money down a toilet, that doesn't mean the toilet is going to start spewing gold coins into the air.

#Hype #Tech #TechBros #Journalism #TechNews

p.s. A few more "here to stays" that didn't make the four image limit of the original post.

p.p.s. Special mention to Apple for spending over $10 billion on the Apple Car and ending up with zero to show for it:

https://www.macrumors.com/2024/02/28/apple-car-10-billion-spent/

They avoided "here to stay" headlines by simply never releasing the product they'd sunk $10,000,000,000.00 into making.

All big companies make really bad bets, even the largest prestige projects can end up being a total waste of time and money which are abandoned and forgotten. There is never an inevitable success from anyone.

Apple Spent More Than $10 Billion on Apple Car Before Canceling Project

Apple spent more than $10 billion working on the Apple Car over the last decade, according to a report from The New York Times that details the...

MacRumors
@FediThing I think it’s especially dangerous when multiple big tech companies get on [insert whatever overhyped tech thingy here] and it just exponentially increases said hype.

@MIfoodie

Some journalists have real difficulty believing that multiple giant companies can make the same huge mistake all at once, despite lots of examples from the past few years.

@MIfoodie @FediThing
I'd expect more of a quadratic increase from this, are you sure it's exponential?
@FediThing I'd like to say "I understand it extremely deeply, that's why I'm not into it" but it never seems to help.

@alcinnz @FediThing Such is an exercise in trying to disprove "the future." I understand it deeply and I disapprove of it, is an oxymoron in such person's perspective. In that regard they are like conspiracy nuts sending you a video, that convinced them, believing it will convince any reasonable person. They are reasonable after all.

The thought of their lack of insight, superior competencies of the person they are trying to convince or differences in political/ethical positions does not materialize. An odd, highly egocentric manner many adopted and need to unlearn if they want to be the rational people they view themselves as.

@alcinnz look, you just said all those things I don't understand about The Thing. Clearly you're an expert on the old world but are so bogged down in the details that you can't see the forest for the trees anymore. I'm such a Big Picture Thinker, trust me, this is gonna be yuuge.

:S

@FediThing that is a truly inspiring set of screenshots; thank you
@FediThing I can't wait until the "AI" fad dies out

@ch0ccyra1n

I don't understand how so many journalists are treating AI/LLM as a "done thing" when it is so clearly broken with fundamental problems.

@FediThing Further, albeit very tangentially: Dear Garry White, I literally pirate all my 3D movies.
@FediThing I call those hypes technoreligion. These have their dogmas of belief and da fuck on the dead mans chain with you unbeliever.
@FediThing When I would talk about the Metaverse being a pile of shit I would literally see comments telling me "but Meta are pouring Billions into it". Same with NFTs, Crypto....

People either don't learn or we have an unending supply of idiots.

@Orthia

Yeah, that's the most concerning thing. The "google plus is here to stay" article claims that it must succeed because Google is pouring so many resources into it.

Maybe some people are so convinced by the wisdom of markets, they cannot comprehend the existence of bubbles?

@FediThing @Orthia Or maybe the people behind these projects understood the sunk cost fallacy but not the journos reporting on them...
@FediThing the tech industry has evolved into a highly speculative market and it’s just so transparant at this point

you’ll notice that all of these hypes are about
services rather than material products. the beauty of it is that you can come up with any number of passing fads at virtually zero risk. there does not need to be an actual demand. nothing needs to be real as long as it keeps the money flowing.

@FediThing but sometimes you look back in time and most of the stuff you use today were deemed hype when they launched.

Even as a kid in the eighties I rolled my eyes when grownups called video games a hype 😉

@FediThing Ah yes, it's the "we're desperately trying to act like we're as innovative as we were in the 2000s, and will get super defensive if you question it" model.

@FediThing The 3D TV one hurts a little, it was cool! (but expensive to make content for...)

With the "metaverse" I'm sure it'll stick around, it just won't be Meta's. If you have no furries on your platform something has gone wrong...

@FediThing tbf the metaverse is still here, just that everyone who isn't called #vrchat flopped hilariously
Similarly I think that, after the hype passed and all of those #ai bs blow up, it will still remain some reasonable applications, at the very least better digital assistants and better speech to text, that we won't call ai anymore

@FediThing "NFTs are here to stay"

Let me laugh even harder next to my Bitcoin, oh wait! 😂

@FediThing

Well, satellites and microchips did work out in the end, didn't they? /s

Metaverse: What happened to Mark Zuckerberg's next big thing?

Two years ago, the metaverse was billed as the next big thing - but many in the tech world have already moved on.

@FediThing I agree that we don’t have to accept things as the new “status quo”. It not just “how the world is now”.

It does get really hard to avoid AI when it’s being shoved down your throat. I have no control over how big tech put it into products but I still have to use those products, unlike when crypto was itself the new tool that I could choose to use or not.

It’s the deep integration that hurts choice

@FediThing Cool they've been right about every prediction so far. I just hope the real life furries one pans out tho.
@FediThing not just in tech, but many times when someone claims that a trend is "inevitable", that is much more about their hopes and emotional investment than any real evidence.

@stephen

Yes, definitely. Also, it implies a deep insecurity if they feel the need to say something is "here to stay".

@FediThing It works great if you're in the toilet business.
@FediThing “We really want this tech to prevail, it’s just the consumers who are wrong”
@FediThing Not sure if it related or not but I hate when people think of virtual space is the Metaverse and not Second Life. It bugs me as Facebook like to make out that they are roughly the first people to have that idea (which they didn't).

@FediThing I am reminded of this puff piece from 2018: https://www.siliconrepublic.com/careers/david-wachsman-blockchain-ireland

"You’re going to work in blockchain whether you want to or not".

You’re going to work in blockchain whether you want to or not

David Wachsman maintains that for the people of Ireland, it’s a question of when, not if, they’ll end up working with blockchain.

Silicon Republic
@FediThing Tengo que decirlo. Me gustaba la idea de Google+. Te ofrecía la posibilidad de tener a los compañeros de clase, a la familia, a los compañeros de trabajo, a quienes solo conocías on-line y a tus amigos en la misma cuenta, pero teniéndolos en diferentes secciones. Te permitía publicar algunas cosas solo en unas secciones y tenerlo todo separado para no mezclar trabajo y amistad, virtual y real, ...
Pero nos lo vendieron MUY mal

@PrincipeLu

I think Google originally took the "Circles" idea from Diaspora, which is still around but unfortunately not being developed much nowadays... 🙁

@FediThing >that doesn't mean the toilet is going to start spewing gold coins into the air.

hehehe... *golden shower*.

@FediThing

Blindsighted by Say's law

@FediThing ...and there they stayed.

@FediThing I wish Google+ had been here to stay.

Or maybe I don't; fedi might not have happened if it was still around. ...but it didn't suck; they just killed it for no good reason.

@FediThing Some of that is because PR blasts are quick, and low-level news reporting is a grind, possibly to even make minimum wage. (In other words, because the reporters don't have much time, it ends up with a lot of news being regurgitation of company PR.)