I'm in the same boat. I'm hoping that the crashing is moving slowly enough that it can unwind carefully, and that not enough data centers got started that things can't simply be cancelled without much harm.
A bunch of fake money borrowed on commitments over data centers never built and plowed back into the ouroboros rather than escaping into the larger economy seems like it could be unwound with only a few people going broke. The only wasted real production would be in all of the chips - and they might be able to go somewhere, somehow. The data centers currently built will certainly be well-utilized - the overcapacity hasn't actually, physically been done, right?
If a bunch of circular financing went into doing something that never fully happened, is that a crash or a lifting of a mask over a real economy that has continued its previous slide?
And if capacity ends up fully utilized and prices do go up, won't there be dozens of viable half-done projects, the best of which that could be dusted off and rolled out again?
It’s made so many people so much money chasing this future that feels just over the next hill. I think being a downer about it is short-sighted, but it’s equally short-sighted to assume that the go-go crazy run that we’ve had will continue forever.
My experience with this has been insane, companies like Nvidia and Micron have made me pretty rich. But you can’t be emo about it. Take advantage of your gains and be a good steward of your resources.
I’m also old enough to remember 1996, and the amazing future as chronicled in Wired magazine. Come 2000, the wipeout was humbling, but many aspects of the web visionaries was correct.
Really? It feels like most people are talking about an AI bubble, with a vocal minority in opposition.
the folk who don’t like AI slop forced in every product and media (creative/artistic AI backlash)
And the people who see the power of LLMs for coding, investigative work, science
I think there will be a crash with the creative side and all the companies that just adopted it without a real plan (FOMO) and sunk millions into it too quickly
But the actual tech is real and never going away. This is not a dot com bubble. This is a paradigm shift for people who know how to leverage an LLM effectively