this post was submitted on 01 Aug 2024
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I wonder if we'll start seeing these tech investor pump n' dump patterns faster collectively, given how many has happened in such a short amount of time already.
Crypto, Internet of Things, Self Driving Cars, NFTs, now AI.
It feels like the futurism sheen has started to waver. When everything's a major revolution inserted into every product, then isn't, it gets exhausting.
This is very much not a hype and is very widely used. It's not just smart bulbs and toasters. It's burglar/fire alarms, HVAC monitoring, commercial building automation, access control, traffic infrastructure (cameras, signal lights), ATMs, emergency alerting (like how a 911 center dispatches a fire station, there are systems that can be connected to a jurisdiction's network as a secondary path to traditional radio tones) and anything else not a computer or cell phone connected to the Internet. Now even some cars are part of the IoT realm. You are completely surrounded by IoT without even realizing it.
Huh, didn't know that! I mainly mentioned it for the fact that it was crammed into products that didn't need it, like fridges and toasters where it's usually seen as superfluous, much like AI.
I would beg to differ. I thoroughly enjoy downloading various toasting regimines. Everyone knows that a piece of white bread toasts different than a slice of whole wheat. Now add sourdough home slice into the mix. It can get overwhelming quite quickly.
Don’t even get me started on English muffins.
With the toaster app I can keep all of my toasting regimines in one place, without having to wonder whether it’s going to toast my pop tart as though it were a hot pocket.
I mean give the thing an USB interface so I can use an app to set timing presets instead of whatever UX nightmare it'd otherwise be and I'm in, nowadays it's probably cheaper to throw in a MOSFET and tiny chip than it is to use a bimetallic strip, much fewer and less fickle parts and when you already have the capability to be programmable, why not use it. Connecting it to an actual network? Get out of here.
Yea I’m being a little facetious I hope it is coming through lol
Bagels are a whole different set of data than bread. New bread toasts much more slowly than old bread.
I think that the dot com bubble is the closest, honestly. There can be some kind of useful products (mostly dealing with how we interact with a system, not actually trying to use AI to magically solve a problem; it is shit at that), but the hype is way too large
don’t forget Big Data
It's more of a macroeconomic issue. There's too much investor money chasing too few good investments. Until our laws stop favoring the investor class, we're going to keep getting more and more of these bubbles, regardless of what they are for
Yeah it's just investment profit chasing from larger and larger bank accounts.
I'm waiting for one of these bubble pops to do lasting damage but with the amount of protections for specifically them and that money that can't be afforded to be "lost" means it's just everyone else that has to eat dirt.
TimeSquirrel made a good point about Internet of Things, but Crypto and Self Driving Cars are still booming too.
IMHO it's a marketing problem. They're major evolutions taking root over decades. I think AI will gradually become as useful as lasers.