this post was submitted on 15 Sep 2025
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The dot-com bubble didn't build the internet. The internet still would have been built up if pension funds were not buying toiletpaper.com for millions of dollars. Bubbles, pretty much by definition, are specifically about the part of the economy where huge sums are invested into things that are not worth anything (i.e., full of air).
LLMs would still be developed without a trillion-dollar bubble. Slower, sure, but all the crazy investment isn't about developing tech, it's about speculating on who will stumble on AGI and suddenly be able to run companies with 1% of the workforce of traditional companies. It's gambling. When the gamblers figure out that a casino doesn't pay out, they all leave at once.
I'm not sure what any of that is supposed to mean. The point is AI isn't going anywhere. It's been here before ChatGPT and it will be around long after, it just won't be crammed down your throat day in and day out.
Think of like Siri and the unnamed Google Assistant. All of these "assistants" have been almost completely useless since their inception but still they've been around for decades, even without the trillions in investment.
Seems you guys are being pedantic on purpose, again, no one wants machine learning or shit like that to vanish, they are extremely useful and have been for decades.
What people are mocking and pointing how useless they are, are the LLMs and the promise of AGI, this shit won't happen in our lifetime.
It may be pedantic, but I distinguish between the tech development, and the crazy investment/speculation happening. The latter is a bubble, not because the tech is completely useless (it's not!), but because there's no business model where nearly a Trillion dollars of investments are going to pay off on something that is a convenient digital assistant and write mediocre code. When people start to realize that AGI isn't coming to any of these companies, they will start pulling money, and at this point, that bubble bursting could wipe out a large fraction of the economy. It's going to be messy.
No one is being pedantic but you. Those won't go anywhere either.