The AI Fad Just Burned to the Waterline
Sometimes wide moats and billions of dollars to blow lead not to glory but to hubris, which beckons Nemesis.
While everyone was busy reassuring themselves the stock market was still A-OK, the driver of the market--the AI fad--just burned to the waterline. Yes, the current euphoric expectations for AI are a fad, the latest in the endless stream of "gotta have" status signifiers and cultural frenzies.
The core dynamic in all fads is Human Wetware 1.0. Though we g…
Keep reading with a 7-day free trial
Subscribe to Charles Hugh Smith's Substack to keep reading this post and get 7 days of free access to the full post archives.