this post was submitted on 13 Aug 2023
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As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[–] banneryear1868@lemmy.world 4 points 2 years ago

Whatever this iteration of "AI" will be, it has a limit that the VC bubble can't fulfill. That's kind of the point though because these VC firms, aided by low interest rates, can just fund whatever tech startup they think has a slight chance of becoming absorbed in to a tech giant. Most of the AI companies right now are going to fail, as long as they do it as cheaply as possible, the VC firms basically skim the shit that floats to the top.

Well, then we are facing two bubbles at the same time: AI and cyber currencies. Once both those bubbles burst, the fallout is going to make the dot-com era bubble look like small suds by comparison.

[–] Suoko@feddit.it 3 points 2 years ago

It cant even compare a phone camera sensor to an apsc one. It's still far behind

[–] mojo@lemm.ee 2 points 2 years ago

Silicon valley of a disease that will blow up any growing technology where they will turn anything into a bubble. No matter how significant it is or not.

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