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Powell – unlike the dotcom boom, AI spending isn't a bubble

(fortune.com)
29 points madaxe_again | 4 comments | 01 Nov 25 18:40 UTC | HN request time: 0.499s | source
1. sema4hacker ◴[01 Nov 25 20:24 UTC] No.45785006[source]▶
"Here's How the AI Crash Happens:" https://finance.yahoo.com/news/ai-crash-happens-215009627.ht...
replies(2): >>45785218 #>>45785281 #
2. JKCalhoun ◴[01 Nov 25 20:50 UTC] No.45785218[source]▶
"The amount of energy and money being poured into AI is breathtaking. Global spending on the technology is projected to hit $375 billion by the end of the year and half a trillion dollars in 2026."

When you think what we could have done with that money instead…

I'm not as cynical about the state of the world as others but from time to time I have to shake my head when I consider how much better we could have it. That to me is the real tragedy.

replies(1): >>45785326 #
3. latchkey ◴[01 Nov 25 20:57 UTC] No.45785281[source]▶
DDTL is the new subprime.
4. yummypaint ◴[01 Nov 25 21:03 UTC] No.45785326[source]▶
Vaguely projecting forward the relationship between total cumulative funding and experimentally achieved q value, it's not unreasonable to think that this money could have brought us to commercially viable fusion power if spent judiciously over a longer period of time. It's pretty typical that we collectively spent the money on an orgy of waste instead.