The killer of AI is not the skepticism or regulation but costs
The Telegraph: https://www.telegraph.co.uk/business/2025/08/20/ai-report-triggering-panic-and-fear-on-wall-street/
Archive: https://archive.ph/aHOPn
As long as the funny money keeps flowing, costs don't matter. But the amount required by AI investment has become so staggering, that it had to change. We now see the beginning of the end of the hype.
I was there, just 25 years ago when the dot.com bubble burst. It was not a nice view. We lost 50% of our revenue within 12 months but managed to keep everyone employed.
Once a hype begins, the counter reaction will be there as well and even healthy companies can be affected.
Messages like this will appear more and more over the next months:
WSJ: https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4
Archive: https://archive.ph/7u5MB
When the dot.com bubble burst in 2000, it felt quick and sudden. But in reality it took nearly 12 months.
A lot of people will cheer for it. For my part, I am glad for any hype to stop as it makes rational working difficult.
I see AI neither as useless, world dooming or earth shattering.
It is a tool like thousands of tools before it. It will have a huge and significant impact. But it will not magically replace 90% of the workforce.
Especially AI will fail to alleviate the lack of qualified personnel in the areas that will hurt us most in the near future e.g. health and elderly care.
We are no closer to the CareBot (TM) than we were at the beginning of the AI hype.
Areas like coding or system administration will see a long term effect. Writing and music making will never be the same. The already troubled journalism will experience another blow.
I agree, even though looking briefly at the BBC'S Tech Now headlines china is making headway in terms of humanoid robots.
As for Journalism, we just need people who will go out, research a story and write about it, without the lure of click bait, just write the facts of the story, see both sides and report properly, and use proper proof reading. Maybe report on actual news, not endless nonsense about celebrities.
There is so much going on in the world, some good, some bad, so journalism does need to be to both extrems as some of the good stuff surely helps our mental wellbeing.
@zleap I believe in care robots when I see them. And as far as I can tell, they are not even on the horizon.
Rather sobering, the closes I currently see are the unmanned vehicles evacuating casualties in the Ukraine.