""This time it's different."Those four words, the official slogan of every economic bubble, have been weaponized in the age of AI. They're the rallying cry of utopians and evangelists insisting the technology will reshape every corner of life, and that the financial gains surrounding it are therefore excusable. At the same time, those same boosters, along with their critics, wield the phrase as a cudgel in their endless sparring."
"OpenAI CEO Sam Altman captured it rather well in August: "Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes," he said at the time. "Is AI the most important thing to happen in a very long time? My opinion is also yes."Of course, only the first part of the quote got aggregated into countless even Sam Altman says AI is a bubble stories."
The phrase "This time it's different" has become a polarized slogan around AI, used by boosters and critics alike. Public discourse about AI is fractured, with headlines serving as ammunition for preexisting positions. Sam Altman acknowledged both investor overexcitement and AI's deep importance, showing the tension between hype and substance. The financial frenzy threatens AI's societal benefits because greed redirects priorities. Key consequences include a scramble for elite AI talent that alters startup norms, a race to build massive data centers for competitive advantage, and rising use of SPVs to trade startup shares.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]