this post was submitted on 22 Jun 2024
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All of big tech is really worried about this.
If the AI boom is a dud, I can see many of these companies reducing their output further. If someone comes along and competes in their primary offering, there's a real concern that they'll lose ground in ways that were unthinkable mere years ago. Someone could legitimately challenge Google on search right now, and someone could build a cheap shop that doesn't sell Chinese tat and uses local suppliers to compete with Amazon. Tech really shat the bed during the last economic downturn.
Whaddya mean, "if"? Emperor wears no clothes...
AI did boom, but people don't realize the peak happened a year ago. Now all we have is latecomers with FOMO. It's gonna be all incremental gains from here on.
I think the true use case for these AI technologies is yet to come. What most people are doing with the "AI" tools available today is just gambling around. But working with personal computers could be changing fundamentally in the coming years.