Ben RamseyMar 5

I just had a realization (I’m sure this isn’t a new thought—just new to me):

The AI bubble is driven by capitalists who desperately fear the end of capitalism, and they are frantically trying to realize a capitalistic singularity, which is why everything is moving faster and faster towards something, but none of us know what.

Can you feel the acceleration? It’s palpable.

Show threadJon NiolaMar 5
@ramsey It's actually scary. This bubble is significantly larger than the 2008 housing bubble and when it pops it is going to be devastating.
Show threadDerick RethansMar 5
@jon @ramsey Which is why I am not so sure whether it will eventually actually pop.
Show threadJon NiolaMar 5
@derickr @ramsey I think it will have to. The sheer amount of money being poured in has zero chance of achieving an ROI that matches how much has been invested.
Show threadBen Ramsey

@jon @derickr We’re in unknown territory.

By every company forcing their employees to use AI, they have to pay companies like OpenAI and Anthropic. If this coercion to use AI continues, then eventually (maybe) there will be an ROI.

In addition to paying for services, OpenAI’s and Anthropic’s (and others’) deals with their customers include investment along with a promise to use a certain amount of AI within their orgs.

Mar 5 at 4:52pmWeb