this post was submitted on 28 Sep 2024
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I can't wait for the AI bubble to burst.
We are all waiting. If they don't come up with proven revenue opportunities in the next ~18 months, it's going to be difficult to justify the astronomical capex spend.
This podcasting bro is NOT chasing revenue (yet).
He wants power.
He wants to collect 11-12 figure sums of venture capital and then built things that let him rule the world.
And afterwards, maybe revenue.
Another year of this shit? I don't think we can take it, honestly
Mah, won't happen like this. It was similar with Facebook 10 years ago and look at where it is now.
Which tech titan does it take with it?
My money is on Microsoft as owners of OpenAI, but most have sunk more into it than they should.
I doubt anyone that big will fall, Microsoft have so many fingers in so many pies, they can afford to take a hit like this. Plus, with the Office suite of products, they're probably in the best place to make something back, even if they don't make all their money back.
Microsoft are bullet proof. Their share price will take a big hit, and an exec or two will take a golden parachute, but they'll bounce back very quickly. The bigger problem is that along the way they'll balance the capex with multiple rounds of cutbacks and layoffs in other departments, and that's before they're finally forced to layoff everyone actually connected to this AI nonsense (who isn't a senior manager or c-suite; they'll all be fine).
What does this even mean?