The AI Bubble Won’t Burst. It Will Just Flatten Into a Puddle.

Put on your waders.

Artificial Intelligence in some form or the other continues to dominate tech and the markets around it, though there are some clouds on the horizon. Even the gold rush seems to show signs of slowing with the realization that AI might not be all it’s cracked up to be. 

 It’s still exciting technology and there will certainly be some aspects that stick and enhance the way we do things. There will also be quite a bit that doesn’t, even more that’s controversial, and all causing trouble for that which does stick, and generally mucking everything up.

If you’ve paid attention to the comments and reviews during this recent Apple beta season and Google’s latest releases, it’s pretty easy to discern that the general temperature of the responses is lukewarm at best.

Advocates say it’s still early in the game.. That’s true. It’s also true that that putting bets down on an NFL team based on what seems like a good draft and undefeated pre-season is, well, more than a bit premature. (*Cough* *Chicago Bears* *Cough*)

Take the 5G rollout. Though the technologies aren’t comparable, the hype certainly is. 5G got its beginnings before 2020, but that was the year of the big push, arguably led by Apple. I’ve done a lot of driving over quite a few major highways large and small this summer and I’m still amazed at how little 5G coverage (and often LTE coverage) there is along these well traveled arteries between large population centers in the South, Midwest and on the East Coast.

What’s intriguing about that is that while there is a push by Apple and Google to have large chunks of AI operation happen locally on device, there will still be quite a few of those operations that will need higher bandwidth when they do need to call home to the mother ship for a response.

If we fast forward a decade or so and put a query into some LLM to summarize the rise of Artificial Intelligence, I’m betting it will spit out something along the lines of “yet another new promising technology, launched as a product before it was really ready, and spoiled by the hype.” 

The book that will eventually be stolen by scraping Internet posts like this one is still to be written, but in these early chapters it is feeling more and more like the bubble might have currently reached it’s outer limits of expansion. There’s pushback on a number of fronts and quite a few enthusiasts always easily seduced by the thrill of a new technology seem to be chilling, if not chafing a bit.

Is there gloom and doom on the horizon? No, just storms and cloudy skies. I don’t think the AI bubble will ever burst, but I do think it will flatten into a puddle with not enough rising tides to lift all boats.

We’ve seen this story before. We’ll see it again. Only this time around the summaries will all sound more and more alike.

You can find more of my writings on a variety of topics on Medium at this link, including in the publications Ellemeno and Rome. I can also be found on social media under my name as above. 

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Author: Warner Crocker

I stumble through life as a theatre director and playwright as well as a gadget geek...commenting along the way. Every day I learn something new is a good day, so I share what I find exciting, new, stupid and often worthwhile.

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