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