On Sat, Jul 27, 2024 at 1:29 PM PGC <[email protected]> wrote:
*" The parallels to past tech bubbles are striking, such as dot-com crash* The two things are not comparable. The invention of the World Wide Web was an interesting development, but AI is more profound than the invention of fire. There is quite simply nothing in human history they can compare with the recent developments in AI and what we will see in the near future, and by that I mean in the next 10 years or less, possibly much less. *> AI is burning through cash at a staggering rate* Yep. That's the problem, if you're a software company and you spend a lot of money on AI you MIGHT go bankrupt, but if you're a software company and you DON'T spend a lot of money on AI then you're CERTAIN to go bankrupt. > > *> AI is, next to impressing us all, also starting to show signs that it > might just be the next bubble waiting to burst.* Thanks to Zuckerberg and the rise of open source, AI software companies like Open AI and Anthropic may go belly up, but not hardware companies like ASML, TSML and Nvidia. Open source or closed, **somebody** (maybe private companies, maybe government. maybe the military) is certain to be developing and running AI programs that require a gargantuan amount of computation, and they will need hardware to do that, so companies that are involved in that should do well. Although TSML might go out of business but not because AI fizzles out but because of a Chinese invasion of Taiwan. > *This year alone, investors are expected to pour $60 billion into AI > development—enough to create 12,000 products the size of OpenAI's ChatGPT.* Most of those products will flop but a few will grow exponentially. * > Do we need that many?* We do unless you can figure out a sure fire way to separate the good from the bad. * > Jim Covello recently remarked [...]* Do you really think Jim Covello knows what's going on? John K Clark See what's on my new list at Extropolis <https://groups.google.com/g/extropolis> 9$z z -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/everything-list/CAJPayv1ppHQmrydFwfE7GF6AtHgT%2BEezo_3%3DrgKA1FYbkYWvyg%40mail.gmail.com.
