I would also say that big tech companies (at least MSFT, Apple and Meta) are consciously all-in in this game. There is nothing else to drive "disruptive" growth in their ovens, and many tech stocks were already going down in 2022 pre-ChatGPT.

If AI fails to deliver its promises or fails to do so in the short timeframes implicitly proposed by the ecosystem, I expect dark times in terms of growth for the tech industry at least for a while.

Anecdote: As a on-off tech shopper dealing with some big providers from time to time, I can sniff the reek of desperation when trying to sell GenAI stuff. And that's weird.

I’d rather we pump and dump new technologies and investment in renewables, scale out compute, and all the transferable benefits for the investment than NFTs.

I’m kind of curious where it all leads to. There’s a non zero chance it’s amazing given what is in my hands today is already amazing compared to what was in my hands 3 years ago.

I don’t think the choice is like AI or curing cancer. I think it’s more like Doge coin and meme stocks or whatever finance fad.

Or pick the right shovels.

And profit!

why does he need to be? just relax Sam