Thread

1. cmiles8 · 1791103225 · focus · HN ↗

   Every bubble goes through this phase just before it pops. Pre-implosion Twitter had tons of folks doing useless “research” projects, WeWork had folks studying furniture design’s impact on wellbeing, and so on.

   When you’re more worried about this sort of stuff vs generating profit then the history books strongly indicate that’s usually not a good omen of what’s coming next.

   1. bonoboTP · 1791103903 · focus · HN ↗

      What do you expect to happen? The technology to disappear and for us to go back to living like it's 2021? It will just pop and be gone?

      1. MisterMunchkin · 1791121109 · focus · HN ↗

         Great Depression style collapse and all the current AI companies go bankrupt.

         Existing profitable companies like AWS and Google eat up all their hardware at 3% of its original price.

         Countries are borrowing money at the same rate that I can borrow unsecured. That’s just not sustainable.

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