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I am currently at the BETT conference in London, about technology in education. Absolutely everything is AI this year. Never before have i seen such hype around a single technology. It feels oddly fake and manufactured, and it is also just utterly boring to showcase. Most of the exhibitor stands this year are just tables with a laptop with a prompt screen open.
I hate it.
The world of finance is now primarily just pump-and-dump schemes.
This creates value somehow. Fake ass country.
Finance people are honestly so willfully stupid and blinded by their beliefs about economics, the writing has been on the wall for awhile now for AI.
Its a pretty willfully nefarious game of hot potato and they are very willing to keep it going as long as possible.
Then we get "too big to fail" so they can be bailed out with social funds instead of going down in flames for gambling.
The more I learn about finance the angrier it makes me.
b-b-bbut, but it's not a bubble! It's just four megacorps cycling money around between them while they tell everyone the profits will happen any day now! Just as soon as those dumb users start paying for a product we're giving away for free right now... yea, it's all those dumb users' faults! If they would pay dollars for every question, we'd already be in the black! If everyone would just keep giving us money with no tangible returns, we'd already be in the black! Ugh, it's everyone else's fault!
(ok kinda' screwed that up being from a finance bro's perspective but the sentiment is similar...)
Finance people who understand the system don't make the money on the assets, but on their trade. They really don't care up or down or implode.
"Investors" who buy "assets" in a deregulated environment like this are just moronic gamblers in a liar's casino where the only axiom is "Everybody cheats".
This has really be the ultimate version of telling customers what they want instead of listening to them, what a wild ride.
You can have any colour you like, as long as it's black.
but we don't even want it to begin with
Yes, that's why you want the black one.
I'd argue even that's better than what we're getting now. If you're looking for a car and they're all in the most popular colour by default, then A. There's a good chance you're happy with it; B. You can change it later; but most importantly C. you already want a car. You've already bought into the product and are just quibbling about colour. This is seeing all the streetcars in LA being torn up, and a GM salesman is enthusiastically explaining how to get a driving license because it's what everyone's doing now they've ensured there is no choice.
Why wait next year?
"How did you go bankrupt?" - "Two ways, gradually and then suddenly."
Don't tease us with hope.