this post was submitted on 21 Oct 2024
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Yeah, but the 0.1% remaining will take over the world.
Does anyone remember the era when there were a million search engines? Google didn't spawn alone.
Same with Amazon. You think nobody else tried to make an online store in the 90s? Lol.
People are trying to vindicate their dislike of AI, pointing to trends like this as if it were supporting evidence. But saying "AI is going to be a big flop because 99% of companies today will end up failing" is as stupid as saying "online shopping will never work because 99% of online stores will close by the year 2010"
.com websites didn't disappear after the dotcom bubble burst either. AI is definitely in a massive bubble right now, but something being in a bubble doesn't mean it's going to vanish completely. The AI companies with some substance backing them will weather the upcoming storm.
Full disclosure: I don't hate AI, but I hate that management-types are fellating themselves to the idea of it or the things than it can potentially do, rather than something that is providing them some kind of concrete benefit right now. I'm also mad at consumers for being stupid little sheep and paying a premium for anything that companies just happen to slap an "AI-powered" sticker on. It's like organic produce 2.0 - you have to have it, but we can't explain why, nor can we elaborate on what it does better than it's contemporary.