[seanmcdirmid]

We’ve been here before with Japan in the 80s, and it led to an extended 2nd AI winter.

China’s efforts are much larger than Japan’s were, and they have a bigger housing bubble to go along with that to boot. It is interesting to see how history repeats itself.

[wycs]

AI actually makes money now. There will be no more AI winters as it can now support its own development without patronage.

[seanmcdirmid]

AI made money before.

All it takes for an AI winter to happen is for the hype to go way beyond the reality, the AI doesn’t have to not make money, it just has to make not enough money as expected. It is very much like a housing crash: the houses are still useful to live in, just that their value is not as high as expected.