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What will happen when the AI bubble bursts? (lemmy.world)
submitted 6 months ago by to c/asklemmy@lemmy.world
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[–] 3 points 6 months ago (2 children)

There was a decent amount of internet back then although not as much as there is now. The issue was people giving millions to any company that had a website. Websites were being made for everything and shoved in everyone's faces. Like I remember there was a block of cartoon on wb11(animaniacs, freakazoid, etc) and they had ads on during the block for the website of the block, which didn't have a url but a "AOL keyword" you could look up to go to. Nothing to sell, not really any tie-ins just like "do you want to see more from wacko, yacko and dot? Ask your parents to go to AOL keyword whatever the cartoon block was called."

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  • [–] 2 points 6 months ago (1 child)

    people giving millions to any company that had a website

    Yup. There was hype and adding "web" to everything didn't automatically make it a Better Thing.

    Similarly, the fact that some AI is hype or that some companies are using it stupidly doesn't change the fact that it is absolutely going to change our society and we won't want to go back to the time before we had the tech.

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  • [–] 2 points 6 months ago

    True just like we can't go back to the time before the internet. Some companies have a good business which happen to use Ai, they will likely be fine. Some companies only exist because they claim Ai and survive on vc money, they will likely die.

    There are uses of Ai. There are smart uses of Ai. There are incredibly stupid uses of Ai. There are some uses of Ai that are stupid now but will be industry standards in 30 years (think Netflix in late 90s) due to advancements in technology. If you know what companies will be which you could be a billionaire which is what people are betting on. But they are bets, no one really knows what will stick and what will burn...

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