You don't believe in the quantum block chain 3D printed AI cloud future mining asteroids for the private Mars colony (yet with no life extension)?
Luddite.
this post was submitted on 04 Aug 2025
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I feel like literally everybody knew it was a bubble when it started expanding and everyone just kept pumping into it.
How many tech bubbles do we have to go through before we leave our lesson?
I get that people who sell AI-services wants to promote it. That part is obvious.
What I don't get is how gullible the rest of society at large is. Take the norwegian digitalization minister, who says that 80% of the public sector shall use AI. Whatever that means.
Or building a gigantic fuckoff openai data centre, instead of new industry https://openai.com/nb-NO/index/introducing-stargate-norway/
Jared Diamond had a great take on this in "Collapse". That there a countless examples of societies making awful decisions - because the decisionmakers are insulated from the consequences. On the contrary, they get short term gains.
We know that our current way of economic growth and consistent new "inventions" is destroying the basis of our life. We know that the only way to stop is to fundamentally redesign the social system, moving away from capitalism, growth economics and ever new gadgets.
But facing this is difficult. Facing this and winning elections with it is even more difficult. Instead claiming there is some wonder technology that will safe us all and putting the eggs in that basket is much easier. It will fail inevitably, but until then it is easier.
what lesson? it's a ponzi scheme and whoever is the last holding the bag is the only one losing.
And that's why it's being done. Everyone hopes that they make it out at just the right time to make millions while the greater fools who join too late are left holding the bag.
Bubbles are great. For those who make it out in time. They suck fo everyone else including the taxpayer who might have to bail out companies and investors.
Always following the doctrine of privatizing profits and socializing losses.
Plus everyone else that pays taxes as they will have to continue to pay for unemployment insurance, food stamps, rent assistance, etc (not the CEOs and execs that caused it that's for sure).
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Never. Some people think the universe owes us Star Trek and are just waiting for something new to happen.
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It's going to be great when the AI hype bubble crashes
As someone who works with integrating AI- it’s failing badly.
At best, it’s good for transcription- at least until it hallucinates and adds things to your medical record that don’t exist. Which it does and when the providers don’t check for errors - which few do regularly- congrats- you now have a medical record of whatever it hallucinated today.
And they are no better than answering machines for customer service. Sure, they can answer basic questions, but so can the automated phone systems.
They can’t consistently do anything more complex without making errors- and most people are frankly too dumb or lazy to properly verify outputs. And that’s why this bubble is so huge.
It is going to pop, messily.
And they are no better than answering machines for customer service. Sure, they can answer basic questions, but so can the automated phone systems.
This is what drives nuts the most about it. We had so many incredibly efficient, purpose-built tools using the same technologies (machine learning and neural networks) and we threw them away in favor of wildly inefficient, general-purpose LLMs that can’t do a single thing right. All because of marketing hype convincing billionaires they won’t need to pay people anymore.
and most people are frankly too dumb or lazy to properly verify outputs.
This is my main argument. I need to check the output for correctness anyways. Might as well do it in the first place then.
People are happy to accept the wrong answer without even checking lol
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This 1 million%.
The fact that coding is a big corner of the use cases means that the tech sector is essentially high on their own supply.
Summarizing and aggregating data alone isn't a substitute for the smoke and mirrors of confidence that is a consulting firm. It just makes the ones that can lean on branding able to charge more hours for the same output, and add "integrating AI" another bucket of vomit to fling.
I tried having it identify an unknown integrated circuit. It hallucinated a chip. It kept giving me non-existent datasheets and 404 links to digikey/mouser/etc.
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Soon to lose the r from propping.
SSSSIIIIIIIGGGGGGHHHHHHHHHHH.........
Looks like I'll have to prepare for yet another once-in-a-lifetime economic collapse.
How many does this make now, 6? 7? I lost track after Covid broke my understanding of time and space.
Covid really fucked everything up. My sense of time and recent-ish history went to shit.
Did you think it was strange when tech bubble burst in 2001 ? And the housing market and San Jose, Tech capital of the world went up.
Everyone knows a bubble is a firm foundation to build upon. Now that Trump is back in office and all our American factories are busy cranking out domestic products I can finally be excited about the future again!
I predict that in a year this bubble will be at least twice as big!
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When this puppy pops it's gonna splatter all of us with chunky bits.
If I was China, I would be thrilled to hear that the west are building data centres for LLMs, sucking power from the grid, and using all their attention and money on AI, rather than building better universities and industry. Just sit back and enjoy, while I can get ahead in these areas.
never interrupt your enemy while he is making a big mistake
They've been ahead for the past 2 decades. Government is robbing us blind because it only serves multinational corporations or foreign governments. It does not serve the people.
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