If it’s a bubble because some large and small companies will collapse, then yes, there is a bubble waiting to burst.

OpenAI, NVIDIA, Microsoft, Apple, Amazon, etc. obviously won’t collapse.

The money being thrown around is mind boggling. However, we’ve been throwing this type of money around for a handful of years now.

Tons of layoffs, homelessness, corruption, unemployment, difficulties for everyone to find a job, the incoming SNAP meltdown, government shutdown and the mess it’s going to cause for a while. None of it makes sense. It’s pure crazy because everything should have imploded by now. The tech layoffs and government layoffs alone should be causing a shitstorm of misery out there, but it’s hidden somehow.

AI isn’t going away. It’s here to stay. It has already become embedded into so many core things we do everyday. So many jobs are affected by it. Like, marketing, graphic design, writing, so many jobs in hollywood, like storyboarding and voiceover work, and the creative process of so many things. So many scenes today in movies are CGI and it’s hard to tell, like 3-second scenes, or CGI overlays. All of that will be created with a prompt in the next couple of years. Sure, some editing will be needed for the generated scenes, but with far less staff. The key takeaway here is that this equates to millions of jobs vanishing rather quickly. Core jobs that people of all ages based their careers on.

Don’t get lost in the details of AI generating garbage or not. The remaining companies that survive will continue to make it better. Don’t think for a second there will be a resurgence in these jobs coming back because everyone thinks a human can do it better.

All those data center GPU buildouts will not go waste. We’re headed for a dystopia that’s even worse than the one we’re living in right now.

Wait until a few people are killed by police for stealing food from a grocery story because they are starving and need to feed their families. It will be the first time we get close to a civil war becoming a reality.

Its amazing what the invention of the transformer architecture has achieved; even if the above doesn't come to the past it has sparked discussion of the above possibilities. For a simple idea/algorithm to have changed the world or at least people's future outlook to bleak dystopia; to create mass stock valuations, to justify the business layoffs that have happened and more is definitely significant and much more than I would of imagined just a few years ago.

I'm amazed at the sheer volume of resources allocated to the above so quickly for example; more than any other boom I've seen. Society can raise trillions quickly if it means not employing people I guess? Knowing basic economics I don't buy the utopia case with AI for the majority of people, particularly the middle class. To be clear most people I meet anecdotally (especially outside the tech space) are net negative on the changes AI is doing to their lives, even if they are in jobs like trades.

It has had a profound impact; probably much more (no matter which camp wins the argument, bulls or bears on AI) than its inventors ever thought it would. It makes me think of whether the people who invented this, once they see the end result, will be happy with their invention and the changes it will create in the world. If they aren't happy in hindsight it says something about the unfortunately all too common naivete of the techie in general and the impact of their work on society/economics/etc until it does eventually occur.