Mordikan@kbin.earth 2 days ago AI isn't anywhere close to being a pump and dump scheme as you speculate.
The reality is it would be closer to the dot com bubble (if anything at all). Most of the damage would be in physical infrastructure like datacenters which would be an asset write-off. However, there is tangible profitability in AI which we didn't see in dot com. That would imply if the demand does not exist (which we know it does looking at DevOps, BI, etc) that should things go south, it would be a market correction and not a market collapse.
Again, the weak point and therefore the most hurt would be overvalued segments which is basically the datacenter infrastructure, but that doesn't imply a collapse/pop only a downturn and correction.
zebidiah@lemmy.ca 1 day ago
The difference with the dot Com bubble is that we built the modern internet on it’s ruins, all that fibre that went into the ground and stayed dark is now lit up and we are all benefiting from it. The gpus and ram going into datacenters is a consumable resource that will be burned out and useless for hobbyists, these aren’t going to be the next gen of xeon chips hitting the market as soon as someone brings a cheap motherboard to market that sockets them…
I think nothing under the sun is new and we’ve all seen all this before. Specifically where I see a lot of parallels is with GPS hardware manufacturers and also Dropbox.
Back in the day Tom Tom and Magellan and Garmin ruled the world, then iPhone came out with maps and they evaporated. Dropbox was hugely successful and a revolutionary offering, until email providers offered the same thing for free and with more convenience.
The tech is super cool, and it’s only going to get better but don’t pay attention to the fools who run AI companies, they will go down and they will crash the economy. I would rather trust Chinese AI than anything clammy Sam Altman and Wario try to sell me on…