A thought provoking piece from @pluralistic — What Kind of Bubble is AI?
TL;DR: AI is a bubble filled with fraud and hype, and it's unclear what will be left when it bursts. Low-stakes applications may not generate much revenue, while high-stakes applications like self-driving cars and radiology require human oversight, making them more expensive. What happens when the exuberance ends and the server bills come due?
@Colarusso thank you for sharing and @pluralistic thank you for writing it. The Uber analogy is spot on.
I remember the post-dotcom-crash years as halcyon days, when a lot of good people had a lot of creative freedom, and found safe berths places like BBC R&D, small academic institutes
Those institutional support structures don't exist now in the same way. And in an AI crash, the hyperscalers will try to milk the state. Social co-ops both to take in the tech exodus and to support local gov...
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