I heard that there would be a new Great Depression.
I’ve also heard a lot of different theories, and one of them interested me: after the bursting of the bubble, AI will not disappear anywhere, is it in vain that so many data centers were built? AI will be embedded everywhere, people won’t even be able to test how it works, “it works somehow, great!” because all human workers will be fired, not at once, of course, but gradually, In a few years, about 2-7 years to be exact(depending on the industry). And because of this, AI systems will begin to get out of control, this will cause incorrect diagnoses, failures in the banking system, arresting or killing innocent people by drones, and so on.
The reason I’ve explained this so poorly is because, in the first place, the topic of AI and the debate around it is terribly infuriating to me, and it’s obvious that the harm from AI won’t be able to compensate for the little benefit it will bring. Secondly, I use a translator, so my text may seem crooked, unnatural, or silly.
True answer: no one knows.
My guess: it seems very similar to the dot Com bubble. Once it pops a lot of companies will lose a lot of money in the valuation and many will likely close their doors. But some will still exist, which are those with good business plans and a reasonable profitable business. Yes the dot Com bubble burst but there is still an internet. Companies basing their business on venture capital based on their valuation will likely crash and burn. A company forcing “Ai” for marketing or such will fail. A company with a good base business which happens to use Ai will probably be fine. For example a company making sandwiches to determine what sandwich you actually want to order probably will fail. A company who happens to use Ai to estimate how much of each type of meat and vegatables to buy each week based on recent use/sales will probably still be fine. Once the bubble burst companies who are only valuable because of marketing as “Ai” will likely die. There are uses but it’s not everything but they are trying to shove it in everything.