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[–] 1 point 1 hour ago (1 child)

I’ve had a quick look at your discussion here.

My view: The problem with neither .com nor AI was that the technologies are useless. The problem with the bubble is that many of the companies involved are promising far more than the technology can realistically deliver. Against this backdrop, it doesn’t matter how long you let the bubble run, because meeting those exaggerated expectations is simply impossible in reality.

AI has its uses, particularly as specialised tools for specific fields, but – largely due to the hype – it is currently causing enormous damage on various levels. Against this backdrop, I believe that the bursting of the bubble will lead to a faster shift away from exaggerated, inefficient and wasteful technological promises towards efficient tools and solutions… and is therefore to be welcomed.

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  • [–] 1 point 1 hour ago*

    Yeah agreed, but marketing and hyping is how you get people excited and how you get funding. I struggle to imagine how you'd ever remove that from the economic equation. It definitely can have its drawbacks.

    Yeah I think your conclusion is pretty likely. Most tools started off inefficient and got more so, because a more efficient tool is more desirable. Broadly speaking.

    I dont think its completely impossible that they (the big companies) eek out their existence long enough that their income overcomes their initial outlay. As I say, they arent static, they are still progressing both the software and the hardware. Ramp up their green energy investment, continue progressing the energy efficiency increases per token, consistent supply lines and competition in components and raw materials push prices down. All feasible. None guaranteed, but all feasible.

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