I strongly suspect we're in an AI bubble, but that doesn't mean AI is without value. It's just that investors and entrepreneurs and CEOs get the zoomies about stuff like this. They go all in because they're scared someone is going to get ahead of them, or that they'll leave money on the table, and this often leads to a feedback loop as everyone tries to be more hyped than the last guy. But, obviously GenAI has already created a lot of value, and will create more. It's cool.
I hesitate to make comparisons, but I think of it like VR. For a hot minute, VR was supposed to be the future. We were all going to live our lives in VR. Zuckerberg goes all in. Turns out that's not happening anytime soon, but does that mean VR is a sham? No, it's actually really cool, and it'll keep getting better, but that doesn't mean we're going to spend 8-16 hours a day with a helmet on. That was just a bad prediction, and doesn't reflect on the technology or its value. Same with AI.
I hesitate to make comparisons, but I think of it like VR. For a hot minute, VR was supposed to be the future. We were all going to live our lives in VR. Zuckerberg goes all in. Turns out that's not happening anytime soon, but does that mean VR is a sham? No, it's actually really cool, and it'll keep getting better, but that doesn't mean we're going to spend 8-16 hours a day with a helmet on. That was just a bad prediction, and doesn't reflect on the technology or its value. Same with AI.