The chapter delves into worries about the state of the economy and the tech sector, discussing concerns about high cost of living, stagnant wages, and uncertainties about AI as the next big thing. There are predictions and fears of a potential burst in the AI bubble with repercussions on tech industry stock market and broader economy, akin to the 2008 housing crisis. The speaker anticipates a shift towards more sustainable practices in tech companies and a push for efficiency and realignment in the industry.
Big tech is betting tens of billions of dollars on AI being the next big thing, but what if it isn't? ChatGPT burns obscene amounts of cash daily with little return, Google's AI dispenses useless and sometimes dangerous advice, and a recent study showed that tech companies will soon run out of new training data to improve their AI models. If AI is really so costly, unreliable, and limited, what happens to the industry that has bet so big on it? This week, Adam talks with journalist and influential tech critic Ed Zitron of wheresyoured.at to discuss the impending burst of the AI bubble, the hubris of Silicon Valley, and how we suffer under big tech's "Rot Economy."
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