I think the amount of turmoil around these deals is giving more weight to the possibility that we’re in a massive bubble thats quite divorced from any kind of fundamentals. Sooner or later the bubbles gonna burst.
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I have lived and worked through two previous ‘AI winters’ and I expect the current bubble to eventually pop in a dramatic way. There will be good things produced by AI, but I am skeptical of the panic FOMO rush to AGI or super intelligence.
Look at the process of shifting manufacturing out of the USA: that was all about driving extreme wealth for special interest insiders. Sadly, most people look to their particular little political party for some form of relief - how is that working out?