And so the bubble grows.

I'd be happy if the industry/stock market proves me wrong, but I can't see this ending any other way than with a major crash that makes the dot-com boom seem like a minor blimp.

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burningChrome 3 days ago | parent | next [-]

I lived through the first dot com bubble and bust and it was pretty nasty. I was working for a telecom company at the time. The building we were in were chocked full of bright eyed, bushy tailed startups who were pushing the edge on all kinds of things. Less than a year later, they were all gone.

We used to have lunch at the bar across the street and just about once or twice a week for several months, we'd walk in and there would be a table with about 15-20 people sitting around drinking and reminiscing about how they were going to change the world.

A lot of developers I know just completely left the industry and never came back.

If this crash exceeds that one? We're in for some seriously tough times.

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semiinfinitely 3 days ago | parent | prev | next [-]

I can't see a prediction like this as anything other than a description of what would be maximally emotionally satisfying for you personally.

	▲	Libidinalecon 2 days ago \| parent \| next [-]
		That makes no sense. I started my career just past the peak of the dot com bubble and got absolutely crushed. It was probably the most demoralizing experience of my life. It was so damaging but no one is going to come out unscathed on the back side of all this.
	▲	Insanity 3 days ago \| parent \| prev \| next [-]
		Why? The numbers don’t make sense for the expected revenue.. they are significantly disconnected. And I have yet to see a “killer app” that can be monetized.
	▲	Spivak 3 days ago \| parent \| prev [-]
		It would be emotionally satisfying for the AI bubble to burst, bringing the rest of the industry down with it, and having a good chance of costing them their job? It doesn't come off as schadenfreude to me as much as it does the emotional clarity of accepting the oncoming train and knowing there's nothing you could have done to stop it. This brand of "just along for the ride" nihilism seems pretty damn common now.

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PeaceTed 3 days ago | parent | prev [-]

I really don't know with this. By that I mean all logic says that, yes this is absolutely a bubble. But the markets have been irrational for a very long time now, just look at Tesla stock and it wild valuations for years now as an example. This could go on for a lot longer than anyone would think reasonable.