The "AI" bubble currently cannot pop because tech has nothing else to land on.
Metaverse was dropped after a few months like a bad habit because everyone could pivot to "AI". But there is no new story available right now.
The "AI" bubble currently cannot pop because tech has nothing else to land on.
Metaverse was dropped after a few months like a bad habit because everyone could pivot to "AI". But there is no new story available right now.
@tante I used to think that. And it may be one of the factors.
But I am increasingly unsure. The fact that this mess hasn't blown up yet may indicate that the unstoppable rule of capitalism is somewhat suspended right now.
RE: https://tldr.nettime.org/@tante/116278661360029668
@tante While I do know about the truism about market rationality and liquidity, I *also* know there is no way you can just keep spending money that doesn't exist without incurring opportunity costs of epic proportions.
So: Either the AI bubble pops some time soon[tm] or we'll see bailouts that will end Dollar hegemony*.
Guess they better inflate it even more. The money bonfire isn’t hot enough - get more money!!
@tante Technology companies have sucked as much blood as they can, without risking the danger of invoking revolt and new regulations.
What the world needs now is socially beneficial technology, that is free, and run by non-profits and governments. We don’t need anything new that would be profitable, and would allow the vamipirism to continue. There isn’t much blood left to drain, without causing serious, acute, obvious harm.
Most people don’t need the software and tech that has already infiltrated and colonized their lives, like black mold. They need essential services, and more real prosperity. But that would reduce profit margins.
@tante I wish they would just pivot to quality software. Like, even from a strictly cynical point of view: I genuinely think you could make a lot of money that way. Quality is so low, so many places now that it's an opportunity open for the taking.
I mean, Apple makes a lot of money from making hardware people consider to be good. Surely the same can be done with software.
I've seen attempts at hyping up quantum computers, but it's generally come from outside the Silicon Valley