Comment by ncallaway
2 days ago
> as long as there's a new new thing to replace it as the aspirational vehicle. Like any good mark in a con game, tech investors want to believe.
Yea, but it seems like the new new thing needs to get progressively bigger with each cycle, which is why I think the shell game is almost over.
They really can't overpromise much more than they did with the AI hype-cycle.
It feels like a startup valuation in that having a down round is...not favored by investors; I feel like having a step-down in promises would also be problematic.
> They really can't overpromise much more than they did with the AI hype-cycle.
While I agree that "replace all human labor" is already pretty high up there on the overreaching u/dis-topian promise list, there are still a few things left.
Perhaps the next dream to sell will be digitizing the minds of Valued Shareholders so that they can grasp immortality inside the computer.
Yup which is why I think that the bubble is going to burst but what's surprising to me is that a lot of normal folks might be hurted by this too in the sense that s&p 500 has really concentrated its holding into companies believing into AI and the hype train seems to be coming to an end and the bubble coming near its burst.