Major AI stocks are getting obliterated lately, signaling what may be the beginning of the end for the tech euphoria.

cross-posted from: https://lemmy.ca/post/73158617

Burn baby burn!!!

“Many in the market feel we have no choice but for it to work out,”

Yes this is what it everyone feels like when they are in denial…

    • setsubyou@lemmy.world
      7·
      2 days ago

      Microwaves have been immensely successful though. In some countries >95% of all households have one. In the US they’re more common than cable TV ever was. They went through a boom in the 1980ies where that number shot up from 10%-ish to 80%-ish. If AI is like microwaves it’ll be considered essential in another 10 years.

      • laranis@lemmy.zip
        10·
        2 days ago

        If microwaves are the analogy for AI then I’m good with it. In my house today I have an oven, a stovetop, a counter top toaster oven/air fryer thingy, and a microwave. Each serves its own purpose but none replaces the other completely.

        If in the future AI is a tool that sits and waits it’s turn for me to use it for the thing it is best at then I think it will have a place.

        If instead it costs a subscription fee, is forced into every other appliance, replaces jobs en mass, and accelerates the downfall of the climate I’m gonna pass.

    • floofloof@lemmy.caOP
      4·
      2 days ago

      No one ever believed in the Metaverse except one very rich weirdo. Blockchain and cryptocurrencies were the 2010s’ really big hype wave.

        • marzhall@lemmy.world
          3·
          2 days ago

          Heck, it was already beaten to the punch by VR Chat and arguably 2nd Life eons before. He clearly just needed some ‘big new concept’ to pitch to investors about how they could 10x in two years after FB users flatlined

          • CharlesDarwin@lemmy.worldEnglish
            2·
            2 days ago

            What I found bizarre - and I didn’t see anyone commenting on this, although I can hardly be the only one that noticed - is how much the character design reminded me of the Wii aesthetic? Not really sure why.

            Also, it was not even an original name. I realize most of these asshats lift most their ideas from sci-fi, but since I actually liked fiction like Snow Crash, I was annoyed by that, as well.