> crypto people are struggling to create demand, AI people are struggling to keep up with demand.
Today, 10 years ago crypto was what everyone wanted, you can see how bitcoin soared and crypto scams was everywhere and made many billions.
And no AI is not struggling to keep up with user demand, it is struggling to keep up with free but not paid demand. So what you mean is AI is struggling to keep up with investor demand, more people want to invest into AI than there are compute to buy, but that was the same for bitcoins, bitcoin mining massively raised the prices on GPU due to how much investors put into it.
But investor driven demand can disappear really quickly, that is what people mean with an AI bubble.
Google has built a multibillion dollar business on top of "free" users. ChatGPT has more than 400 million weekly active users and this is obviously going to grow. You are overlooking how easily that "free" demand will be monetized as soon as they slap ads on the interface.
"Obviously" is doing a lot of heavy lifting there. They have a lot of competition and no killer use case and no IP rights. From the consumer point of view, they're fungible.
That's not even considering the probability that demand could slow as people lose interest.
Yep. Ten years ago HN was hyping blockchain as the future and there were a million blockchain startups. Just look at the list of startups funded by YC around then lol
Today, 10 years ago crypto was what everyone wanted, you can see how bitcoin soared and crypto scams was everywhere and made many billions.
And no AI is not struggling to keep up with user demand, it is struggling to keep up with free but not paid demand. So what you mean is AI is struggling to keep up with investor demand, more people want to invest into AI than there are compute to buy, but that was the same for bitcoins, bitcoin mining massively raised the prices on GPU due to how much investors put into it.
But investor driven demand can disappear really quickly, that is what people mean with an AI bubble.