Comment by gerdesj
9 hours ago
"AI is going to be a highly-competitive" - In what way?
It is not a railroad and the railroads did not explode in a bubble (OK a few early engines did explode but that is engineering). I think LLM driven investments in massive DCs is ill advised.
Yes they did, at least twice in the 19th century. It was the largest financial crisis before 1929
It did. I question the issue of "what problem am I trying to solve" with AI, though. Transportation across a huge swath of land had a clear problem space, and trains offered a very clear solution; created dedicated railing and you can transport 100x the resources at 10x the speed of a horseman (and I'm probably underselling these gains). In times where trekking across a continent took months, the efficiencies in communication and supply lines are immediately clear.
AI feels like a solution looking for a problem. Especially with 90% of consumer facing products. Were people asking for better chatbots, or to quickly deepfake some video scene? I think the bubble popping will re-reveal some incredible backend tools in tech, medical, and (eventually) robotics. But I don't think this is otherwise solving the problems they marketed on.
> AI feels like a solution looking for a problem.
The problem is increasing profits by replacing paid labor with something "good enough".
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Your view is ahistorical.