by GianFabien on 2/11/2025, 1:57:07 AM
Investment bubbles have been in effect since at least the 17th century. When your Uber driver is extolling the virtues of investing in XYZ-R-US, it is time to dump your shares in it and related companies.
The value of investments are primarily driven by one of two factors: 1. the return on the investment, e.g. dividends, rents; or 2. the increase in price you expect upon on-selling.
We're being told that AGI is just around the corner, but each new product release from the major AI players feels like the amount of hallucinations it produces increases with each new version. I used to fear that AI would replace my job, but now it feels like the code it produces simply can't be trusted to actually function, let alone solve the issue given to it.
It feels like we're being sold a calculator that tells us 1+1=2 but sometimes also 3.
Given the amount of investment being poured into AI (e.g. the US government's $500 billion Stargate program announcement), and most SaaS's trying to shoehorn an AI chatbot into their offerings despite it not necessarily being a good fit (let alone providing correct answers), I can't help but feel we're watching Blockchain v2 investment hype mania again.