alt Hacker NewsYou'll always find someone claiming X or Y are close to collapse at any given time. As even a broken clock is right twice a day, eventually one of these predictions will randomly be proven correct. That person will then be elevated to a genius forecaster and rake in cash for a decade or two.
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109847 • yesterday at 4:20 PM
Thiel said around last autumn that AI is a bubble and exited Nvidia. Nvidia is now falling despite good earnings.
If OpenAI keeps getting circular financing, of course they will not collapse yet.
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Actually it is the other way around; every upstart claims that their invention is the mostest revolutionariest thing ever. 99.9% of them are not. The nay sayers are right most of the time.
Recent high-profile examples include Segway, NFT, Crypto as a whole, pre-tranformers voice assistants and various "Design Thinking" projects like those Amazon prime buttons.