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Florida didn’t go away!

Ok... and on a surface reading this is correct... but the intended thing they're trying to communicate is that they think the technology isn't useful. They aren't making a comment on optimal pricing of equity in frontier tech companies. They mean they think the thing is bad!

How many data farms do we need to generate crappy porn and submissive cat bots.

This, 100% this!

Now that makes sense. The devil is always in the details, but it makes sense.

You can't really talk sense to anti-AI crusaders. Like every other extremist mind, they've conjured up a completely different reality so that their worldviews make sense at least to them.

What am I missing? It sounds like you are suggesting that when data centers are obsolete they can be repurposed as other data centers that are somehow not obsolete.

It’s in a Bubble much like Cryptocurrency; both fighting the same breath of gpu air. Environomics (environment economics) says the battle is over before the war started; Data Centers blocked and Destroyed, Planet Heating, Dumb Investors to Greedy to see the writing on the wall. Spend til the end.

Or boring, non-tech blue chip company that happened to use AI in one press release

IK, R? logarithmic losses!

Part of the problem here is the bubble aspect here isn't over investment in actual useful infrastructure. GPU racks that aren't being activated because the electrical grid buildout isn't fast enough, will turn into orphaned infrastructure that has virtually no value if the bubble pops.

Spill that tea!

I love Ed.

Tulips are still with us.

When anti-AI crusaders say 'AI is an asset just like tulips and railroads', it just shows they don't know much of anything about any of this.

I really admire your ability to carry on trying to educate people on issues like this. Personally I find it difficult not to get thoroughly depressed by that level of ignorance.

Do people say ‘AI can’t be a bubble because the tech isn’t going anywhere’ (which I agree is false) or do they say ‘there’s an AI bubble but when it bursts that probably won’t mean AI goes away’ (which is probably true)?

I'm not really sure it's that much use. Especially compared to the other three. Here's hoping it does go way.

Channel tunnel lost investors a fortune.

The tulip comparison is *chef's kiss* — reminds me of diving into the psychology of why humans consistently mistake revolutionary tech for revolutionary profits. We're pattern-seeking creatures in a world where utility and valuation live in completely different universes.

It’s making Google less useful for sure

Am I reading this wrong, or is the Nasdaq chart line the same in every graph? Shouldn't it be more right or left to match the IPO date of each stock?

Seems to me that, whereas the Industrial Revolution decimated the livelihoods of individuals and families, then created new jobs that provided mass employment, the Digital Revolution will do the former but not the latter.

What... What do they think happened to housing? Lol

When you simply compare the AI companies valuations with real companies.. 😳 #AIBubble

To be fair amongst the very broad set of technologies that fall under the vague marketing term of 'AI' some of them probably will go away, especially consumer facing stuff. The point at which faux-social LLMs become economically viable is pretty much invisible for example.