I mostly agree, but with a caveat: there's no bubble in AI capability, but there's absolutely a bubble in AI adoption narratives. The technology is real and structural. The "every company will have 50 AI agents by Q3" hype is nonsense. What I've noticed is a massive gap between people who use AI daily and people who tried ChatGPT once and gave up. That divide is widening, not shrinking.
The labor replacement you mention is happening, but it's concentrated in specific domains (coding, content, customer support) and nowhere near as broad as the investor pitch decks suggest. I wrote about living inside this bubble and how weird it feels to see two completely different realities: https://thoughts.jock.pl/p/ai-bubble-living-inside
Thank you very much for your insight Pawel! I’m glad we’re on the same page for the most part, would you atleast agree that the adoption narrative is way closer than the dot com bubble was at the time for example? Also that divide that you’re referring to, is that anecdotal or is there actual evidence for this, I’de definitely be interested in seeing? Either way, thanks again!
Thank you as always Neural Foundry! Absolutely, the current display of utility and wide spread usage speaks for itself, unlike the bubbles of the past, where valuations and narrative greatly outpaced reality.
I mostly agree, but with a caveat: there's no bubble in AI capability, but there's absolutely a bubble in AI adoption narratives. The technology is real and structural. The "every company will have 50 AI agents by Q3" hype is nonsense. What I've noticed is a massive gap between people who use AI daily and people who tried ChatGPT once and gave up. That divide is widening, not shrinking.
The labor replacement you mention is happening, but it's concentrated in specific domains (coding, content, customer support) and nowhere near as broad as the investor pitch decks suggest. I wrote about living inside this bubble and how weird it feels to see two completely different realities: https://thoughts.jock.pl/p/ai-bubble-living-inside
Thank you very much for your insight Pawel! I’m glad we’re on the same page for the most part, would you atleast agree that the adoption narrative is way closer than the dot com bubble was at the time for example? Also that divide that you’re referring to, is that anecdotal or is there actual evidence for this, I’de definitely be interested in seeing? Either way, thanks again!
Thank you as always Neural Foundry! Absolutely, the current display of utility and wide spread usage speaks for itself, unlike the bubbles of the past, where valuations and narrative greatly outpaced reality.