[emilecantin]

Both can be true at the same time. Similar to the early days of the Internet, the dot-com bubble eventually popped, but the Internet (and dot-coms, for that matter) didn't go away.

What people are saying is that this mad race to throw cash at anything that has "AI" in it will eventually stop, and what will remain are the useful things.

[infecto]

No the tone is generally that some mythic AI winter is going to happen because of current valuations and that AI is simply the current crypto grift.

[emilecantin]

Yeah, I saw "AI winter" mentioned elsewhere in the thread...

IMO there is a real qualitative difference between AI and crypto in terms of the durable impact it's going to have on the world. Does that mean I've bought into the AI hype? Maybe. But I think the signs are there.

[dragonwriter]

AI winters are a recurring phenomenon, not a myth, and, like the dotcom bust, involve a collapsing hype bubble, reductions in focussed speculative investment in the field, but the technologies that were big during the preceding hype cycle continuing to be important, and develop, though in the case of AI winters often they stop being thought of as AI and just get referred to with a name for the specific technology (often a different one than the main one they were known by in the hype cycle, e.g. “expert systems” from th blast hype cycle are largely “business rules engines” now.)