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Joined 1 year ago
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Cake day: February 2nd, 2024

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  • You’re dead right on that.

    On a wider front, I expect the bubble’s burst will deal some long-lasting damage to the tech industry, on two major fronts:

    1. Evaluations/stock prices will go through the floor, as investor assumptions of Endless Growthtm are shattered, and the tech industry comes to be seen as “a stable, mature industry whose days of endless growth are behind it” (quoting Baldur Bjarnason), at best and deep in the throes of a serious malaise era at worst. One outcome is obviously better than the other, but both will lead to a lotta pain.

    2. The tech industry’s public image, already in the shitter for a litany of reasons, will likely take another significant blow as the industry’s ability to generate hype for AI and/or counteract the boiling resentment towards it completely falls apart.













  • Brian Merchant’s given his thoughts on the situation, focusing mainly on the situation as a case of Trump’s administration falling for the AGI hype.

    You want my off-the-cuff thoughts on these tariffs, I’m putting them down as another nail in the coffin for AI as a concept, and a possible blow to “AI doom” narratives as a whole.

    For AI as a concept, this entire debacle is a very public and very high-profile example of AI failing to live up to the “AGI/Superintelligence” hype that OpenAI and pals have been cranking out - and failing in a manner which suggests their AI systems (rightfully so, IMO) to be worse than useless.

    For “AI Doom” narratives, whilst this economic clusterfuck is an example of AI dealing a nasty blow to humanity, said blow was dealt through a combo of unambiguous incompetence on the AI’s part, and the Trump administration overestimating the AI’s own competence. No diamonoid bacteria, no Skynet-style Terminator apocalypse, just sheer unfiltered stupidity on a government-wide level.