Better Offline The Rot-Com Bust
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Jun 7, 2024 Tech expert Ed Zitron discusses the downfall of tech's growth era and the importance of empowering builders in Silicon Valley. The podcast dives into the struggles of the tech industry post-2019, critiquing the obsession with hype over practicality, and the deceptive practices of industry giants like Microsoft. It calls for a shift towards genuine innovation and sustainability in tech development.
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Tech's Desperation
- Tech's current struggles stem from the end of its hyper-growth era and a lack of new trillion-dollar markets.
- This desperation leads to premature promotion of concepts like NFTs, crypto, and the metaverse.
Selling Potential Over Product
- Tech's "big ideas" like the metaverse and AI are often sold based on potential, not actual functionality.
- They rely on hype and faith rather than demonstrating real-world value.
Metaverse and AI Hype
- Zuckerberg's metaverse pitch relied on non-existent technology, highlighting the gap between vision and reality.
- Generative AI, while promising, is currently more of a marketing campaign than a transformative product.