You're assuming there will be a next time. When the AI bubble bursts, and it will, the whole economy will go down with it. AI companies are massively in debt and have a product that ranges from utter shit to kinda okay, and absolutely no sane way to monetize it. Everyone outside of tech, you know, the customers, fucking hate AI. It has stolen their work, jeopardized their livelihoods, wasted their resources and made the most insufferable asshats in history very wealthy.
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A collection of some classic Lemmy memes for your enjoyment
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I do feel that, unlike Crypto, AI (or, to drop the buzzwords, LLMs and other machine-learning based language processors and parsers) will end up having a place in the world.
As it is NOW, the AI hype train is definitely an investment bubble and it will definitely explode in a glorious fashion eventually. Taking a lot of people down with it.
But unlike Crypto, AI does -- It like does things, you know? Even if I personally feel like it's mostly only good for a toy, all my attempts to use it for anything society would deem "valuable" were frustrated, but at least I can RP with it when my friends aren't available. It is a thing that exists and can be used.
Crypto was funny because it was literally useless. Just an incredibly wasteful techno-fetishistic speculative vehicle with precisely zero shame about being that.
As for what's next, I think Quantum Computing might be it. That is, assuming the Tech Industry even survives the bubble's burst in its current form. Because everyone in the industry is putting all their eggs including theoretical eggs that haven't even been laid, and in fact there's not even a chicken in this AI hype train. And even with AI becoming part of people's lives, as I predict it indeed will, when the bubble does burst it might end up hitting the reset button on who is truly in charge of things.
The difference is that tech bros are selling the promise of replacing expensive skilled labour, to business owners, who keep funding it because they'd rather pay one of their own than pay a living wage to a normal person.
So the money keeps coming which let's them keep working on it
prison labor
At the tap of a button you can call contracted prison laborers to be shipped out to your labor camp.
We call it Slaveify
Do you think they'll turn prisoners into NFTs?
How much is Wild Mike on Death Row going for these days?
yeah.. :(
I hate that we call any algorithm that gets information by looking at data "AI." If people consider something like linear regression (a supervised model) to be "AI", then "AI" isn't going to pass. Hell, even neural networks are just a shit ton of addition and multiplications.
All computing is just shit tons of math operations.
That's the "artificial" part of "artificial intelligence", so I'm not really sure what you expect AI to look like.
I'm not a big fan of LLMs and I don't think they're intelligent, but if you're disqualifying them based on using math then nothing is ever going to satisfy you
Reminds me of Blockchain
According to new research from Deloitte, 74 percent of large companies (with sales over $500 million) see a “compelling business case” for blockchain technology.
Indeed, from supply chain management and regulatory monitoring to recruiting and healthcare, organizations are applying blockchain to their business models to revolutionize how they track and verify transactions.
It's not a fake or fundamentally useless technology, but everyone who doesn't understand it is rushing to figure out how they're gonna claim to use it.
Quantum computing, probably.
Problem is, it has the potential to be actual reality. Tech bros need their products to be 99% blue-sky hype to get their financing, and they can't risk some nerd going "well actually what you're suggesting can't be done any more efficiently on a quantum computer than you can do now".
Plus. You can't just drop quantum computing in your data center. It takes extreme cold, hug amounts of cash and the support team to maintain.
I too would like to hug amounts of cash
(Sorry couldn't resist)
NFTs were just star registries. Pay a fee, and you can claim to own a certain star.
NFT was SUPPOSED to just be a cheap and safe non-editable contact type thing that you can make with someone so that there can be no dispute as it's fixed and unique. Then it turned into monkeys and that's all it's known for now.
It was always a bad idea though.
Agents
Oh, it's gonna be so much worse. NFTs mostly just ruined sad crypto bros who were dumb enough to buy a picture of an ape. Companies are investing heavily in generative AI projects without establishing a proper use case or even its basic efficacy. ChatGPTs newest iterations are getting worse; no one has a solution to hallucinations; the energy costs are astronomical; the entire process relies on plagiarism and copyright infringement, and even if you get by all of that, consumers hate it. AI ads are met derision or revulsion, and AI customer service is universally despised.
This isn't like NFTs. It's more like Facebook and VR. Sure, VR has its uses, but investing heavily in unnecessary and unwanted VR tools cost Facebook billions. The difference is that when this bubble bursts, instead of just hitting Facebook, this is going to hit every single tech company.
hit every single tech company.
and institutional investors who steward pleb money... so its going hurt real.
Oh yeah, it's gonna be massive. I don't know if this will be as bad as the subprime mortgage crisis, but it's gonna come soon, and with all the tariff instability, it's gonna hit while the economy is already weak. It's gonna suck.
It so bad and its so pervasive. The only thing I can even equate it to is a forced meme.
Everyone I know shuts off AI features on their software, yet they keep adding it to more and more software. It's like the exact opposite of supply and demand.
My favorite was the security tools with their new AI data protection features. "We scan your data and put it in AI to keep it safe from AI!"
Another banger from lemmites
Mate, you can use AI for porn
If literally -nothing- else can convince you, just the fact that it's an automated goon machine should tell you that we are not going to live this one down as easily as shit like NFTs
Has anyone actually jerked off to AI porn? No shaming but for me there's this fundamental emptiness to it. Like it can't impress me because it's exactly like what you expected it to be.
ai porn is all trash tho.
If someone on pawb.social is saying it, I'll trust them for sure
Mate, you can use AI for porn
A classic scarce resource on the internet. Why pick through a catalog of porn that you could watch 24/7 for decades on end, of every conceivable variation and intersection and fetish, when you can type in "Please show me naked boobies" into Grok and get back some poorly rendered half-hallucinated partially out of frame nipple?
just the fact that it’s an automated goon machine should tell you that we are not going to live this one down
The computer was already an automated goon machine. This is yet one more example of AI spending billions of dollars yet adding nothing of value.
My biggest frustration is how confidently arrogant they are about it
AI is literally the biggest problem technology has ever created and almost no one even realizes it yet