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Debunking the Tech Hype Cycle with Dan Olson
Factually! with Adam Conover
The Problem with Tech Industry Hype Cycles
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- The crypto collapse wiped out two trillion dollars in value in 2022, affecting normal people who had invested in the hype cycle
- The tech industry is structured around having a completely transformative technology roll out every two years, but they have started running out of low hanging fruit to innovate
- Companies resort to hyping up new technologies even if they might be snake oil, to maintain interest and investment
- Hype cycles are created by huge corporations and investors who have a financial stake in persuading people to buy into the hype
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