The industry was always a disaster, but if you take a disaster and put AI in the mix you get a disaster at light speed. It was always getting worse and worse but now it’s speedrunning it.
That quote was on my mind as I wrote that message. I think I saw it as a child but some time after I had begun writing BASIC code. It took a moment’s thought at the time, but I soon came to realize its truth.
Not so much AI itself, but the billions invested into it and the hardware required - anything you invest billions into but that doesn't have similar return on investment is a fast track to an economic crash / correction. The Y2K tech companies are a previous example, investors were champing at the bit to invest in uh, pets.com or whatever but turns out it didn't / wouldn't earn enough money to earn it back.