That too is the classical hype cycle. After the trough of disillusionment, and that’s going to be a deep one from the look of things, people figure out where it can be used in a profitable way in its own niches.
… Unless its mass proliferation of shitty broken code and mis/disinformation and hyperparasocial relationships and waste of energy and water are actually such a net negative that it fundamentally undermines infrastructure and society, thus raising the necessary profit margin too high for such legit use cases to be workable in a now broken economic system.
The dot-com bubble (late 1990s–2000) was when investors massively overvalued internet-related companies just because they had “.com” in their name, even if they had no profits or solid business plans. It burst in 2000, wiping out trillions in value.
The “Internet hype” bubble popped.
But the Internet still has many valid uses.
The dot-com bubble isn’t the internet. The internet existed long before and continued to grow after. Companies that used digital posters on the internet had a crash, but the internet kept growing.
Digital posters do still have a use today, and there are still companies running on promises, but digital promises are simple and cheap. AI is not. At least not in this form.
Big tech hype will continue after this tech hype bubble pops, but that doesn’t mean the tech is good.
That too is the classical hype cycle. After the trough of disillusionment, and that’s going to be a deep one from the look of things, people figure out where it can be used in a profitable way in its own niches.
… Unless its mass proliferation of shitty broken code and mis/disinformation and hyperparasocial relationships and waste of energy and water are actually such a net negative that it fundamentally undermines infrastructure and society, thus raising the necessary profit margin too high for such legit use cases to be workable in a now broken economic system.
The world revolves around the profit margin, so the current trend may even continue indefinitely… Sad.
Time will tell how much was just hype, and how much actually had merit. I think it will go the way of the
.combubble.LOTS of uses for the internet of things, but it’s still overhyped
The .com bubble had nothing to do with the Internet of Things.
Fair enough.
The dot-com bubble (late 1990s–2000) was when investors massively overvalued internet-related companies just because they had “.com” in their name, even if they had no profits or solid business plans. It burst in 2000, wiping out trillions in value.
The “Internet hype” bubble popped. But the Internet still has many valid uses.
The dot-com bubble isn’t the internet. The internet existed long before and continued to grow after. Companies that used digital posters on the internet had a crash, but the internet kept growing.
Digital posters do still have a use today, and there are still companies running on promises, but digital promises are simple and cheap. AI is not. At least not in this form.
Big tech hype will continue after this tech hype bubble pops, but that doesn’t mean the tech is good.