Making rich people waste their money can have positive consequences.
During the long reign of Queen Elizabeth I, she conducted peregrinations to aristocrats considering sedition.
These visits required manors to feed & entertain the Royal household. They were so costly, many were financially ruined. Too poor to fund a rebellious army.
@davidgerard
feels like everyone's so desperate for first-mover advantage that if we actually got a nice functional thing later it would be totally strangled by how much garbage we've built around the mediocre thing already
@davidgerard the hilariously bad take of these companies is they think that the non-workable aspects of this will be fixed by bigger clusters and more computing. Ignoring the fundamental problem and throwing hardware at it is such a poor developer attitude.
I make a living assembling these things and I know this is a short time horizon needing a career pivot in a few years
@thomasapowell@davidgerard oh yes. I was so worried when guys were moving in during crypto that we would pivot to nfts. Thankfully that collapsed quickly.
I felt worse building systems for health are, as that industry capitalizes on misery and bad luck. At least AI and ads isn't absolutely unavoidable.
@thomasapowell@davidgerard the dot com busy freed up a ton of computing and networking gear when the rubble cleared. Maybe the billions in gpus will have a use for them in 5 years
“Tech bubbles come in two varieties: The ones that leave something behind, and the ones that leave nothing behind. Sometimes, it can be hard to guess what kind of bubble you’re living through until it pops and you find out the hard way.” - @pluralistic
When you put it like that it makes me wonder what that next dumb thing could be? Maybe the world war that seems to be coming our way will stop this childish nonsense.
@jawarajabbi hot money's on quantum computing. companies are already spending serious cash on lab curiosities that can't yet quite factor numbers as high as 35