A brief exploration of why AI is a (useful) bubble
We live in a growth-greedy corporate world. When a new technology appears, the only thing we know how to do is host a multi-company race to implement the technology for corporate gains and throw investor money at it. CEOs are incentivised to sell an idealised future of what may be to get more of that sweet investor money. During this, their employees hurriedly scramble to look for fits for the new technology behind opaque curtains. We find a hammer first, and then look for the nails, and make investors pay for more hammers. This isn’t necessarily a bad thing - capitalism incentivises innovation, which often makes the world a better place. But this particular time, we’ve gone too far. We’ve propped up investor and industry confidence in this hammer.