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"The Subprime AI Crisis" - Ed Zitron on the bubble's impending collapse
(www.wheresyoured.at)
Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
So I should be clear, I dont think theres anything special about Tech companies that should let them be treated differently. But for whatever reason, it is a fact that places like We or Tesla or Theranos or fucking Groupon gets stupid valuations just because they're "tech" adjacent.
If the market ever catches on that theres no secret ingredient (and as Zitron's shown, there are pretty visible public numbers pointing at this), we're looking at a correction at the trillion dollar scale. Or maybe we never ask Google to put up or shut up, and just keep the fairy powder in our eyes forever.