alt Hacker News"Those excited about generative AI are either the victim or the perpetrator of a con centered around a technology to ingratiate at the highest cost possible."
How else would you read the above statement? He's just preaching to his own choir IMO.
My take: like any gold rush, a lot of dumb ideas will get backed and they will all fail. And then we'll keep the ones that worked. SSND. Good luck picking the winners a priori.
I read it in context as being about the market prospects of genai.
The problem is, when there is so much overinvestment, everything gets wrecked. In the aftermath of the dotcom boom there was at least a bedrock of fiber and still useful equipment to build upon amid the rubble. This time we are going so much further; also many of the durable assets are misplaced bets and the depreciating ones will depreciate more steeply.