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keybored • today at 7:00 AM • 0 replies • view on HN

> If you check any online discussion about the financial situation of the AI industry, it's essentially taken for granted that the bubble exists and is going to pop any day now. I don't think that this is a reasonable assumption, though.

To say that it is (essentially) taken for granted isn’t a great start to a rebuke. You have to engage with the arguments that they have, and they have presented arguments. Just see born-again clanker Dan Luu respond to Zitron’s claims.[1]

I don’t see any engagement with skeptic’s arguments in this piece.

[1] https://danluu.com/zitron/

> In other words, there's massive unmet demand for AI companies to profit from.

Of course. There are hundreds of millions of white collar workers that are jealuously hoarding their unrightful wages.

> There's a weird contradiction you see from AI skeptics where they're afraid of how AI will change the world, but also seem convinced that AI will only ever produce slop that nobody would ever pay money for. You can't really have it both ways here.

But you can. A bubble of this magnitude will negatively impact the world, not just AI investor cretins. You can take the extreme position that AI is useless and still be worried about the fallout.

> It's completely valid to be afraid of AI taking your job, but money is going to change hands when that happens.

The conjunction here implies a contrast which I fail to see.

> As one final note, I don't think the rhetoric about the AI bubble is really about finances. Conversation about the AI bubble is too widespread for it to be a contrarian position, and too gleeful to be driven by investors' fear. More than anything, I think the supposed AI bubble has become such a large talking point because it represents the hope that things can go back to how they used to be. People are afraid of what's going to happen with AI, [...]

The always-amazing observation that your intellectual opponents have motivated reasoning. Likewise, most AI positives have motivated reasoning, like that they can enrich themselves or that they are getting so much code out of their current subscription prices.

When I write about AI it’s clear when I argue against AI itself and when I am whining about my boo-boo thoughts about losing all of my economic prospects.

> I’ve applied to seek the Liberal Party of Canada nomination

That tracks.