The AI bubble is so annoyingly like the internet bubble. While it was true that online pet food and grocery delivery were terrible businesses in 2001, they aren’t today.

Internet companies are now worth trillions and it did change everything. Many companies spent too much too soon and made the right bet at the wrong time.

@carnage4life I think when the novelty wears off, AI (and more specifically, Generative AI) will come into its own.

Right now it's a silver bullet that everyone tries to apply to every problem. And obviously it's not suitable for most of those problems, and also most people just think it's magic and super cool, which is where the novelty comes in.

Give it another (human) generation or so. The tech will mature and people will get to understand it better, exactly like that happened with the Internet. It'll become a part of everyone's lives, every day (again, just like the Internet), but everyone will know intrinsically how, where, and when to use it, and what the dangers are.

It is a bubble... but it absolutely is not going away.

@carnage4life also a lot of people were committing fraud and went to jail for it. TBD how similar we are there https://en.wikipedia.org/wiki/Bernard_Ebbers
Bernard Ebbers - Wikipedia

@carnage4life so AI gains are actually humans working more.... Got it