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Tomorrow: My 13,500 word historical and financial analysis on how the AI Bubble is magnitudes worse than the Dot Com Bubble, with a contagion that will spread throughout the global markets and our society. Here's $10 off annual. edzitronswheresyouredatghostio.outpost.pub/public/promo...

𝚗𝚎𝚛𝚍𝚣𝚒𝚕𝚕𝚊

@nerdzilla.ai

16 Jan

I described it as DotCom x Great Recession … It has the “over hyped ahead of working properly” of DotCom, with the “VC and banks will go out of business” of the 2008 Great Recession. And I’m saying it’s like multiplying them not just adding them, because any bailout would need to be like $10T

Ed Zitron

@edzitron.com

16 Jan

Dot com bubble wasn’t a case of stuff not working properly even. It worked! Sort of. High speed internet connectivity had not scaled yet and ironically did as a result of this, the website businesses were dumb as shit

𝚗𝚎𝚛𝚍𝚣𝚒𝚕𝚕𝚊

@nerdzilla.ai

16 Jan

Yeah, I was right in the middle of it. And yeah, the whole “dark fiber” thing was a wonder to behold. Now we have “dark GPUs” that will be obsolete by the time the data centers are built, which are waiting for the power and water infra. Yeah lots of companies are going to die.

Ed Zitron

@edzitron.com

16 Jan

I’d be curious about your perspective honestly. How bad was it as somebody who was in the industry at the time?

𝚗𝚎𝚛𝚍𝚣𝚒𝚕𝚕𝚊

@nerdzilla.ai

I was working on Dell.com at the time. Our web tech was pretty good for the time, but of course Dell’s sales (and stock price) was heavily weighted on server sales, which dried up when the dotcoms went boom.

16/1/26, 5:03 am0 reposts10 likes

𝚗𝚎𝚛𝚍𝚣𝚒𝚕𝚕𝚊

@nerdzilla.ai

16 Jan

Dell had made a lot of “dellionaires”, so it was a heck of a shock when it caught up to them, and we were watching folks carrying boxes out to their cars. And the whole time we were thinking “any day now it has to turn around, cos the tech is sound”. And it was OK, but couldn’t do what was promised.