> OpenAI began this hype cycle [...] and its death (or, as mentioned, some other kind of collapse, such as acquisition) is the sign that we’re done here, in the same way that FTX signaled the end of the cryptocurrency boom..
The collapse of FTX sent bitcoin from ~$20k to ~$17k. It's now $110k. I imagine the AI boom will 'collapse' in the same sort of way.
A lot of the economics depends on whether you think human level intelligence is coming or not. Zitron kind of assumes not in which case his economic doomerism makes sense. But if it does come you could effectively double gdp which is a lot of financial upside.
The collapse of FTX sent bitcoin from ~$20k to ~$17k. It's now $110k. I imagine the AI boom will 'collapse' in the same sort of way.
A lot of the economics depends on whether you think human level intelligence is coming or not. Zitron kind of assumes not in which case his economic doomerism makes sense. But if it does come you could effectively double gdp which is a lot of financial upside.