Firms in the space are signing massive multi-billion dollar deals, governments are investing vast quantities of cash and resources to support AI industry development, and consumers are preparing to pay for all this investment come the inevitable industry collapse.
Consumers will pay? Just look at history. We know this because that’s what happened following the dotcom boom, the South Sea Bubble collapse, and the financial crisis, when unsustainable investments came before a fall. We know this because by the time the highly probable AI industry collapse happens, the tech will be so deeply intertwined in our daily lives we will be told these companies are strategically important, making them “too big to fail.”
So we will bail them out.
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