Predict date by when most of xo will recognize that "AI" was a hysteria.
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Poast new message in this thread
Date: January 26th, 2026 4:23 PM Author: Effete Forum
Have to define it more narrowly than that
AI is very real and very powerful but it's being hyped up to be something it's not
(http://www.autoadmit.com/thread.php?thread_id=5827001&forum_id=2...#49621121) |
Date: January 26th, 2026 4:51 PM Author: Talking exhilarant heaven trump supporter
As others have noted, "hysteria" is poorly defined in this discussion. It's not entirely smoke and mirrors; it is a very handy tool that will increase productivity in a lot of white collar fields. But I would bet my entire 401k that we won't have Optimus robots cleaning our houses and taking care of our kids within the next decade.
My prediction on how this will all play out is that the first domino to fall will be when OpenAI runs out of cash and gets bought out by some other tech giant. That will make investors think that maybe they should not be accepting absurd P/E ratios just because a company is doing something related to AI. This will lead to a significant drop in the share prices of the Magnificent Seven, which will lead to a wider stock market correction given that the Seven have driven most of the growth in the S&P over the last few years. My guess is that this will not lead to a wider economic downturn given that the Magnificent Seven are all well capitalized and can afford to light lots of money on fire, so we won't see a 2008-style panic. But once the market starts to correct, people will see that maybe AI is not going to result in a robotic utopia in the next few years.
As for the timing on this, I have no idea. Keynes' quip about how the market can remain irrational longer than you can remain solvent seems relevant here. I'm just guessing that OpenAI is the most vulnerable player in the field because they have essentially zero revenue and they are burning cash like it is going out of style. My guess is that sooner or later investors are going to get impatient and the cash spigot will dry up.
(http://www.autoadmit.com/thread.php?thread_id=5827001&forum_id=2...#49621200) |
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