Byrne Hobart, a financial-newsletter author, and Tobias Huber, a tech investor, make the case in a recently published book, “Boom: Bubbles and the End of Stagnation”. They argue that a culture of risk aversion, shaped by ageing populations, has led to economic stasis. Financial exuberance may help escape this trap, they suggest, by driving investment in technologies that offer potentially spectacular rewards for the world.
Sure, but this is AI slop. The only rewards are a surfeit of cheap used gpus when everyone goes broke. And auto-erotica, i guess.
If it bursts, I’ll be able to buy a GPU made in this decade…
This seems very similar to articles I’ve seen for years saying “Maybe climate change wouldn’t be so bad?” Which coincidentally will happen faster and likely be more extreme because of AI power consumption.
