The "AI" bubble currently cannot pop because tech has nothing else to land on.

[tante@tldr.nettime.org]

The "AI" bubble currently cannot pop because tech has nothing else to land on.

Metaverse was dropped after a few months like a bad habit because everyone could pivot to "AI". But there is no new story available right now.

[nihkeys@mastodontti.fi]

@tante They need a bridge to quantum desperately.

[kw217@mathstodon.xyz]

@tante we could reanimate "quantum"?

[tante@tldr.nettime.org]

@kw217 they tried but quantum doesn't have the juice

[dartov@hachyderm.io]

@tante that's what I've been saying as well. I think now some money will go into defence again, but every other hype needs a public demo that physics makes very hard to produce (cold fusion, quantum etc)

[s4mmy@chaos.social]

@tante @kw217 was there already a quantum based blockchain? We need this for the digital health files.

[fairsuchen@social.tchncs.de]

@tante what about battery energy storage?

[thomasdorr@mastodon.social]

@tante
Recession, now with basic services you actually need.

[gnuplusknoppers@troet.cafe]

@tante we could do crypto again (the recent drops in BTC etc mean that a lot of new suckers need to be found to get a ROI), then of course 'Prediction Markets' & gambling in general, in Europe "Souveränität"...
Robotics & govtech / military are very much growing markets for venture capital.
It's also wrong to assume that AI will go away. Maybe it won't grow much further but I can't see it going away

[dasfrottier@mastodon.social]

@tante I used to think that. And it may be one of the factors.

But I am increasingly unsure. The fact that this mess hasn't blown up yet may indicate that the unstoppable rule of capitalism is somewhat suspended right now.

[ftranschel@norden.social]

RE: https://tldr.nettime.org/@tante/116278661360029668

@tante While I do know about the truism about market rationality and liquidity, I *also* know there is no way you can just keep spending money that doesn't exist without incurring opportunity costs of epic proportions.

So: Either the AI bubble pops some time soon[tm] or we'll see bailouts that will end Dollar hegemony*.

[ftranschel@norden.social]

@tante * If you think the Iran war already ended Dollar hegemony, you're likely not wrong. Then the question becomes: What will this Global Financial Crisis look like?

[themipper@mastodon.social]

@kw217 @tante if they would jump on quantum. Maybe we get our RAM and SSDs back since the quantum stuff hopefully uses completely different hardware

[ennopark@mastodon.social]

@tante There doesn't need to be a new story. You can also hype an old one. AI wasn't new at all after several AI winters so all they need to do is recycle and modernize one of the older technologies, that are in a "winter phase" right now.

[cptsuperlative@toot.cat]

@tante

Guess they better inflate it even more. The money bonfire isn’t hot enough - get more money!!

[jplebreton@mastodon.social]

@tante quantum is a real technology where actual scientific breakthroughs are gating forward progress so it lacks that fictitious capital, wholly detached from reality quality that really gets the industry frothing.

[publictorsten@mastodon.social]

@ennopark @tante Can I have a look at structured data again, please?

[8r3n7@mstdn.ca]

@tante Technology companies have sucked as much blood as they can, without risking the danger of invoking revolt and new regulations.

What the world needs now is socially beneficial technology, that is free, and run by non-profits and governments. We don’t need anything new that would be profitable, and would allow the vamipirism to continue. There isn’t much blood left to drain, without causing serious, acute, obvious harm.

Most people don’t need the software and tech that has already infiltrated and colonized their lives, like black mold. They need essential services, and more real prosperity. But that would reduce profit margins.