The AI crash is coming...

There is definitely a hint of impending doom in the air. There are more and bigger wars than we have seen for decades, accompanied by a near-collapse of the international rule of law.

- Gwynne Dyer

"The thing that comforts me," said Jeff Boudier at Hugging Face, the leading open platform for Al builders, "is that the internet was built on the ashes of the overinvestment into the telecom infrastructure of yesterday" during the dot.com boom of the late '90s. The coming AI crash "is going to enable lots of great new products and experiences, including ones we're not thinking about today.

Boudier's optimism is charming, but note that he assumes this will all happen some years after the current AI-driven boom in global and especially American markets has crashed and burned, taking some of the “magnificent seven” tech companies (Meta, Tesla, Alphabet, Amazon, Apple, Microsoft and Nvidia) down with it.

Meanwhile, ordinary folk will have to live through the post-crash years one day at a time, and they may find it quite difficult.