this post was submitted on 17 Jun 2025
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Technology
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This all just feels like sunk cost fallacy at this point. Capitalism can’t do anything besides grow, even when the growth involved and the tech they’re trying to sell isn’t even remotely as good as the hype states.
Self-hosted LLMs? Awesome.
AI in the hands of corporate ghouls? Not awesome.
It’s the same narrative every time. Capitalists bastardizing tech and exploiting workers for profit alone.
This has been Silicon Valley's MO for generations.
Yep! This is the first time the investment has been so catastrophic though. The amount of money they’re throwing at this absolutely dwarfs every past innovation spike.
Not really. I'd argue the dot com bust was worse due to the quantity of websites that died because they didn't actually have a business model.
What we're seeing is a tech industry where all the tech is on the right side of the S curve and trying one last stab at a technology that may be on the left side.
You’re right, the dot com bust was far worse. That feels like forever ago these days.