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Jeff Bezos hails AI boom as ‘good’ kind of bubblewww.ft.com/content/8d80f601-4725-489a-8d6e-39099a01f9cb
399 sats \ 10 comments \ @lunin 3h AI
According to Bezos, industrial bubbles are beneficial. Companies that raised a ton of money on the AI ​​hype wave may disappear, but the infrastructure and technologies will remain and serve society.
As examples, he cited the fiber optic cable network left over from the dot-com crash and the new drugs that emerged after the biotech investment boom of the 1990s.
He classified the 2008 financial crisis as a "bad" bubble. They are useless and should be avoided.
Bezos also predicted that in the next couple of decades, millions of people will voluntarily live in space, and solar-powered AI data centers will be built beyond Earth.
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166 sats \ 0 replies \ @HardMoney 1h
The distinction between an infrastructure bubble vs financial bubble is correct imo.
AI is following internet, telecom, railroads etc. most investors lost out on the hype cycle but the underlying buildout was later used and benefited society after a range of bankruptcy and M&A occurred
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100 sats \ 3 replies \ @BlokchainB 52m
This is an interesting perspective
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49 sats \ 2 replies \ @optimism 10m
Agreed, I especially appreciate where he says:
When the current cycle ends, "there will be a lot of capital that was deployed that didn’t deliver returns. It’s not different this time. We just don’t know how that will play out," he said.
This seems like wisdom.
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100 sats \ 1 reply \ @BlokchainB 6m
Indeed, I am optimistic about the potential of artificial intelligence. I believe it has the capacity to generate substantial wealth and enhance access to endeavors that require time and expertise to master. For instance, could we envision the advent of AI-powered flights in the future? While it may take several decades, the goal should be to make air travel as affordable as public bus services.
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0 sats \ 0 replies \ @optimism 5m
Is the most expensive part of a plane/flight the pilot?
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10 sats \ 0 replies \ @d680ecaa8e 2h
Images from AI sometimes are near to real people.
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10 sats \ 0 replies \ @magnolia_mayhem 2h
He's just trying to make people forget about that faceplant.
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10 sats \ 0 replies \ @optimism 2h
archived link
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10 sats \ 1 reply \ @035736735e 2h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.