Technology

Remember how long Facebook worked on the Metaverse? And even changed their name to Meta because Zuckerberg was convinced he was on to something. Now many years and billions upon billions of dollars later the project is finally shelved as a total failure.

Also remember Tesla/Musk has kept promising true FSD next year for a decade, and they are barely closer today than they were a decade ago. Yet they keep investing loads of money on it, and promising that very soon now, it will be available for all Tesla cars.

Remember when Microsoft launched the Xbox, and stated they were ready to lose billions on it for 10 years if they had to. That one succeeded, but later when they tried the same with Smartphones and bought Nokia they didn't.

You are clearly underestimating how many billions the trillion dollar companies are ready to lose on this. in the pursuit of coming out on top. That's how it is with AI too, the companies that spend the most on AI are companies that have loads and loads of money. And they can easily continue this shit for a decade without running out of money, and they will because they are determined and can afford it.

The bubble may burst, but it will probably mostly affect all the small players, and maybe dent the stock prices of the big players a little. But don't count on it to be over in just a couple of years.

Hopefully it will, but my guess is it won't. My guess is that none of the biggest players will relent for at least 5 years. But when the bubble burst, it could be even bigger than when the .com bubble did.

We live in interesting times.