True. I’ve been on an extended sabbatical from work in an industry heavily impacted by LLM use, and I’m not looking forward to returning and being forced to use it, especially when it doesn’t benefit my productivity.
Still, even with this forced demand, spending is vastly outweighing the revenue generated. Venture capitalists seem to have an absurd amount of money to spend, but even their resources are finite, especially without ultra low interest rates.
Then again, I expected cryptocurrencies to implode years ago, but even after FTX it stabilized enough that the bubble has kept growing. It hasn’t had to weather a real recession yet and I expect that will apply a lot more pressure when that finally happens.
Between those two bubbles and the tariffs finally starting to take effect, it feels like we’re in for a really bad time. I really hope I’m wrong.
Edit: Forgot to mention that Intel seems to be thrashing. Their current CEO seems to be slashing the people he needs to recover from their current conditions and shutting down construction on fabs that represent their future. Never thought I’d see a day when Intel was facing an existential threat, but here we are.
True. I’ve been on an extended sabbatical from work in an industry heavily impacted by LLM use, and I’m not looking forward to returning and being forced to use it, especially when it doesn’t benefit my productivity.
Still, even with this forced demand, spending is vastly outweighing the revenue generated. Venture capitalists seem to have an absurd amount of money to spend, but even their resources are finite, especially without ultra low interest rates.
Then again, I expected cryptocurrencies to implode years ago, but even after FTX it stabilized enough that the bubble has kept growing. It hasn’t had to weather a real recession yet and I expect that will apply a lot more pressure when that finally happens.
Between those two bubbles and the tariffs finally starting to take effect, it feels like we’re in for a really bad time. I really hope I’m wrong.
Edit: Forgot to mention that Intel seems to be thrashing. Their current CEO seems to be slashing the people he needs to recover from their current conditions and shutting down construction on fabs that represent their future. Never thought I’d see a day when Intel was facing an existential threat, but here we are.
I think that Microsoft, Apple, Google are too big to fail, regardless of how terrible they are being managed.
Exactly the same as GM, Ford and Chrysler were too big to fail during the last GFC.