"AI is going to be a highly-competitive" - In what way?

It is not a railroad and the railroads did not explode in a bubble (OK a few early engines did explode but that is engineering). I think LLM driven investments in massive DCs is ill advised.

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fcantournet 9 hours ago | parent | next [-]

Yes they did, at least twice in the 19th century. It was the largest financial crisis before 1929

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johnnyanmac 9 hours ago | parent [-]

It did. I question the issue of "what problem am I trying to solve" with AI, though. Transportation across a huge swath of land had a clear problem space, and trains offered a very clear solution; created dedicated railing and you can transport 100x the resources at 10x the speed of a horseman (and I'm probably underselling these gains). In times where trekking across a continent took months, the efficiencies in communication and supply lines are immediately clear.

AI feels like a solution looking for a problem. Especially with 90% of consumer facing products. Were people asking for better chatbots, or to quickly deepfake some video scene? I think the bubble popping will re-reveal some incredible backend tools in tech, medical, and (eventually) robotics. But I don't think this is otherwise solving the problems they marketed on.

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heavyset_go 8 hours ago | parent [-]

> AI feels like a solution looking for a problem.

The problem is increasing profits by replacing paid labor with something "good enough".

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kolinko 3 hours ago | parent | next [-]

Isn’t this what industrialisation was always about?

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johnnyanmac 7 hours ago | parent | prev | next [-]

Doesn't sound like a very profitable problem to solve. At least, not in the long term (which no one orchestrating this is thinking in).

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heavyset_go 7 hours ago | parent [-]

Long term is feudalism, the short term is how we get there.

	▲	johnnyanmac 6 hours ago \| parent [-]
		Well I wish them the worst of luck. Those doing this need to go back to the 1880s and see how that ended long term.

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MangoToupe 7 hours ago | parent | prev [-]

This is a use case that hasn't yet been proven out, though. "Good enough" for an executive may not be "good enough" to keep the company solvent, and there's no shortage of private equity morons who have no understanding of their own assets.

	▲	heavyset_go 7 hours ago \| parent [-]
		I agree, but it's the bet they're making. You don't end up with trillions in investment and valuations with chatbots and meme video generators.

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aaronblohowiak 8 hours ago | parent | prev [-]

Your view is ahistorical.