No technology trend goes straight up. There are always crashes along the way, as subsets of the trend fall behind, while others prove their worth.
This was true with the Internet. Search engine companies were falling even before Google was created. It’s why Wall Street wanted Yahoo to become a “portal.” (Wall Street knows nothing.)
This will be true for A.I. as well. It’s starting right now.
The “consumer side” will crash first. Things like ChatGPT were fun for a while, but the mass market is deciding it’s more like Pokemon Go than “the Google.”
For any technology to gain legs, it must prove its utility. It must create productivity. It must not only do things that weren’t available before, but it must make money doing it, and make doing other things easier.
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