[ivape]

Influencers, streamers, crypto …

Housing is back …

Dotcom came back…

Nothing was a bubble. Dotcom was into a new paradigm shift with mobile in less then a decade. These aren’t even significant timelines when you think about it.

So you pull out of the AI hype today, fine. These past recent bubbles show that everything ramps back up within five years.

AI-is-hype people are delusional. The computer has never been able to do what it’s doing today. We could only dream of it.

[kortilla]

Eventually coming back doesn’t mean it wasn’t a bubble that popped.

[FinnLobsien]

Precisely the article's point. AOL may not have been the successful company it could've been, but it did get millions of households online, which became infrastructure for the successful companies we all know today.

[WA]

> AI-is-hype people are delusional. The computer has never been able to do what it’s doing today. We could only dream of it.

Sure, but do the math. It doesn’t work out yet. This stuff burns money and energy. Either revenue has to go up A LOT or costs do have to come down A LOT (or quality has to suffer by using smaller models).

[oezi]

If we assume that every American will pay 20 USD per month for AI that's already 100bn per year.

Electricity will become very cheap during the day at least with solar continuing its declining trajectory.

[esseph]

Except we're killing all solar and wind projects in the US :(

[izacus]

If I assume every American pays me 20 USD, I'm a billionaire too.

But that assumption would be as silly as yours.

[FirmwareBurner]

>Housing is back … Nothing was a bubble.

Ironic how you can contradict yourself without realizing. The fact that something "came back", meant it WAS a bubble that popped.

[Ekaros]

Also nothing says that same thing can't be a bubble over and over again. Especially something as fundamental and old as housing. Those in power might even want it to be boom and bust cycle.

[FinnLobsien]

I think there's a big difference between things that have always been bought and sold (housing, oil, food, minerals, etc.) and actual net-new technology that may or may not pay off on its promise.

The former can be overvalued (see housing pre-2008), but we'll never come to the conclusion that it's useless or only needed in niche use cases. In that case, the item itself isn't really the bubble. The bubble is in what enables the irrational prices (e.g. subprime mortgages).

The latter can definitely be a bubble where the technology just isn't useful for a given use case (or at all).