If it bursts, I’ll be able to buy a GPU made in this decade…

Archive

This seems very similar to articles I’ve seen for years saying “Maybe climate change wouldn’t be so bad?” Which coincidentally will happen faster and likely be more extreme because of AI power consumption.

Byrne Hobart, a financial-newsletter author, and Tobias Huber, a tech investor, make the case in a recently published book, “Boom: Bubbles and the End of Stagnation”. They argue that a culture of risk aversion, shaped by ageing populations, has led to economic stasis. Financial exuberance may help escape this trap, they suggest, by driving investment in technologies that offer potentially spectacular rewards for the world.

Sure, but this is AI slop. The only rewards are a surfeit of cheap used gpus when everyone goes broke. And auto-erotica, i guess.

Their argument seems to come down to: bubbles aren’t always so bad because at least some of what comes out of the chaotic mania can have value for society, perhaps even greater value than the amount of money lost by investors when the bubble pops.

Is there no possible way to innovate and create value other than for greedy people who want to get rich quick to throw a lot of money into a speculative frenzy blender and hope that something useful comes out of it?