alt Hacker NewsIt’s not craze. It’s technology shift. Bitcoin and 3D printing were craze. It’s like a move from analog photography to digital. I am telling you this as a very conservative person. Even for me it’s helpful.
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3D printing has a CAGR of 18-25%, not exactly 'were craze'
> 3D printing were craze
That's certainly a take, industry loves it. Sure, all that "everybody will print widgets at home instead of going to the store" stuff was never going to happen, but 3d printing is nonetheless here to stay.
It can be both a craze and a technology shift. AI isn't going away, it will transform some industries. But right now it's overhyped, overfunded and due a trip back to reality.
It most definitely COULD be a craze from the perspective of scope of investment, societal impact and timing. No one surfing the crest of this wave could be described as "conservative".
> It’s not craze. It’s technology shift.
It is a bubble with extreme levels of debt + funding from too many promises from companies that are in these sort of rounds.
People being consumed by the hype will also be completely consumed by the crash.
Comments like this is exactly how a 2000 and a 2008 style crash will happen.
> Bitcoin and 3D printing were craze.
What bitcoin gave us essentially? Huge pump and dump schemes coordinated by big hands? Crypto investments which made 95% of investors poorer? What's left? Maybe 0.01% of it was beneficial.
"This time it's different!"
3D printing is helpful too. The infrastructure created during the dot-com bubble of the late 1990s was also helpful. The UK is still profiting from the railway infrastructure created during the railway craze of the 1840s (https://en.wikipedia.org/wiki/Railway_Mania). The question is just how much of the valuation of AI companies is because they are useful and how much is speculation...