Your argument boils down to: it’s different this time.
Tools/improvements have rarely been negative in such a massive way except rare instances, and even then society moved on and past those tools to bigger & better things.
How many people today seriously consider agriculture as a career prospect but almost all humans who lived in the last 2000 years worked as peasant labor on a farm. We are thriving in comparison to that period of time.
5 years ago absolutely everyone was talking about how blockchains & ledgers were going to solve all the problems of the world, and executives needed blockchain & ledgers in their products. Now, no one cares.
Not saying that happens in this case, but don’t believe the hype so easy. Even job losses in the context of a radically different policies by the current administration doesn’t get a second thought, nor does the fact we’re no longer in a low interest rate environment.
I only know one person who works on crypto projects, and no one who uses crypto for purchases. Yet everyone I know in engineering and non-engineers use AI for work and personal tasks. This is a different ballgame.
It could be the innovation curve stops here and we only have to adapt to Claude 4 level AI. I’m sure there will be headwinds like with driverless cars. But it’s very reasonable to guess where this is going.
It’s easy in retrospect to be say “sure, we were sceptical of crypto”. It certainly was not easy then to voice that, nor is it easy now to be sceptical of AI - without being labelled a Luddite or just negative.
Money is a huge factor in all this, people love to discuss the current in thing and what’s more in than some tech that’s IPO’ing? Investors were making stupid money with crypto. Investors again are about to make stupid money with AI.
Investors make money off AI subscriptions for WORK. Thats a huge difference.
The revenue produced is laughable. If you think it’s the revenue and not the equity that matters, you need to do some serious homework.
You: you're saying "it's different this time."
I don't know. It looks like AI really rots people's brains. As if that they just shut down their minds when they see an anything AI-related. Imagine if this article were about anything else, like:
Article: the stock bubble is going to burst because...
Comment: your argument boils down to "the stock bubble is going to burst."
It'd be so stupid. But somehow when it comes to AI this kind of weird comment is tolerated even celebrated.
The argument boils down to: this is exactly the same as other times. And provides multiple examples.