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Jeff Bezos hails AI boom as ‘good’ kind of bubblewww.ft.com/content/8d80f601-4725-489a-8d6e-39099a01f9cb
603 sats \ 16 comments \ @lunin 5 Oct 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 \ 1 reply \ @HardMoney 5 Oct
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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10 sats \ 0 replies \ @SpaceHodler 5 Oct
It's interesting how speculators' money can benefit society, sometimes even when they lose. It has parallels with how prediction markets provide information (= a public good).
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110 sats \ 6 replies \ @BlokchainB 5 Oct
This is an interesting perspective
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59 sats \ 5 replies \ @optimism 5 Oct
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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120 sats \ 4 replies \ @BlokchainB 5 Oct
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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58 sats \ 3 replies \ @optimism 5 Oct
Is the most expensive part of a plane/flight the pilot?
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110 sats \ 2 replies \ @BlokchainB 5 Oct
From a labor standpoint yes. All pilots are required to have a certain amount of time for sleep and rest. AI can bypass the downtime increasing the margins for flying
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244 sats \ 1 reply \ @optimism 5 Oct
Triggered me some glancing at airline quarterlies. 30% of opex is salaries&co for the ones I looked at.
Imagine: FlyX haha
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110 sats \ 0 replies \ @BlokchainB 5 Oct
Hahahaha
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10 sats \ 0 replies \ @d680ecaa8e 5 Oct
Images from AI sometimes are near to real people.
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10 sats \ 0 replies \ @magnolia_mayhem 5 Oct
He's just trying to make people forget about that faceplant.
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10 sats \ 0 replies \ @optimism 5 Oct
archived link
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10 sats \ 0 replies \ @Car 5 Oct
Pursuing off earth energy makes the most sense for a ton of reasons. Most importantly it pushes everyone forward working together to achieve it.
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10 sats \ 0 replies \ @Akg10s3 5 Oct
Thanks for posting! 👌
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10 sats \ 1 reply \ @035736735e 5 Oct outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.