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? 🥺
@simonzerafa No, it'll burst sooner than that. Once SpaceX, Anthropic, and OpenAI have IPO'd the big hypemongers will take their loot and run away, very fast, leaving the shareholders holding the bag.
Back in '99-00, the dot com bust followed a wave of IPOs as founders cashed out …
@cstross @simonzerafa I really hope so.
Anyways this will never erase the damage that was done to humanity and to the internet. It will take generations to clean up.
Charlie Stross
Simon Zerafa
F4GRX Sébastien