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We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Every new generation changing technology is followed by a frenzy of infrastructure build out. Running up to the dotcom bubble lot of money was spent on building undersea cables and Internet infra because the assumption was that the demand for websites was going to be a straight line if…
Pitching AI as in the same vein is a very dark prognostication. As in, probably going to cause a wreck so bad we won't see breakeven in our lifetimes. The railroad bubble and the dotcom bust were generational economic calamities. For Gen X and Millenials, combine that with the 2008 GFC and it's been nonstop waves of speculation-driven disaster drowning us our whole lives.