*That should be TSMC not TSML.* *John K Clark*
On Sat, Jul 27, 2024 at 3:54 PM John Clark <[email protected]> wrote: > 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/CAJPayv0V0k_TnXCiqYWuaywx-tf4kCe5TCfQS8fG2aJPUn8n3w%40mail.gmail.com.
