This is how the AI bubble bursts: https://www.theverge.com/ai-artificial-intelligence/917380/ai-monetization-anthropic-openai-token-economics-revenue
There is no conceivable way to break even for the AI industry—let alone to repay an investment that requires $2Tn a year from now to the end of the decade. That's about 3% of the entire planetary GNP. Just to break even.
I'm guessing that the bubble will pop in 12 to 18 months.
I can see them generating this level revenue.
I wonder whatbthats going to look like for the rest of the economy? đŸ¥º
@simonzerafa @cstross I've been saying the AI bubble is about to pop for over 30 months now.
Unfortunately, even though you can identify when a tree is rotten, you can never predict exactly when a big enough gust of wind will come to finally blow it down.
@mikemccaffrey @simonzerafa @cstross
I was in a dot-com company (that missed the IPO train) and knew the game was up way before it all went south. I left six months before they got sold to OpenText for a measly £4 million, my 10s of thousands of options worth nothing and the company products basically no longer existing.
As an aside, I was working for Hummingbird a few years later when they too got acquired by OpenText. Which was a bit crap, as they sucked the joy out of what was a great place to work.
Charlie Stross
Simon Zerafa
Mike McCaffrey
David Penfold 