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this post was submitted on 14 Jul 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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We were asking around AI industry peons in March and they all guessed around three quarters too. I woulda put it at maybe two years myself, but I was surprised at so many people all arriving at around three quarters. OTOH, I would say that just in the past few months things are really obviously heading for a trauma.
Put me down for "doesn't think it will end." Did crypto end?
crypto's VC investment fell off a cliff after the crash, and that investment is what we were talking about there
hence their pivot to AI
Oh, OK. I think all the VC-adjacent people still really believe in crypto, if it helps. They probably also don't believe in it, depending on the room. I think it will come back.
they've stopped putting fresh money in, but they believe fervently in the massive bags they're holding