Silicon Underground (Dave F)

24 years ago this week, the CEO of Webvan, an early grocery dotcom that once had a market cap of $4.8 billion, resigned. Layoffs and pulling out of major markets soon followed on its way to liquidation that summer. #Retrocomputing #Dotcom dfarq.homeip.net/webvan-the-to

Webvan: The too much, too early dotcom

Its 1999 IPO valued it at $4.8 billion. Two years later…

The Silicon Underground
Michael T Babcock

@arstechnica this is really sad to me. #23andme did some fantastic #research, funded some really good studies, and provided a useful link between #genome and drug research. Too few people took the time to look into what it was they did and thought it was just another Ancestry.com site.
#DNS #genetics #dotcom

$εeл3н8¡nд³र

Wie gern würde ich darauf wetten, dass dies die 2. #DotCom-#Blase wird.

Dennoch bin ich so gepolt, nicht mit dem Elend anderer Kasse zu machen.

Lieber investiere ich in #Kartoffelchips. Damit fördere ich kurzfristig meine Zufriedenheit, begrenzt durch mein alleiniges Elend, ab einem gewissen Punkt drauf verzichten zu müssen.

#Chips #PhotonischerChip #KI #DotComCrash

Mar 11, 2025, 05:53 · · · 0 · 0
Daniel Dvorkin

To be clear, my optimism didn't really last all that long, say from about 1995 when the #WWW really took off, to 1998 or so when the #dotcom bubble started to crack. By 1999 it was obvious things weren't working out so well: The #Matrix hit at exactly the right moment.

But oh, how I miss that brief period when it looked like we were going to get #StarTrek instead.

Richard MacManus

It's a new year of Cybercultural, your favourite #InternetHistory indie website. This year I'll be focusing more on the dot-com era (1990s) and the terrible 2010s. You can expect 1 post per week going forward — subscribe for free via email or RSS.

Ok, onto this week's post: Multimedia Gulch in 1994, when CD-ROM designers lived fast in a time of slow modems! cybercultural.com/p/multimedia #Multimedia #Dotcom

Multimedia Gulch in 1994: The Age of Interactive CD-ROMs

Multimedia Gulch was a trendy neighbourhood in San…

Cybercultural
☮ ♥🧑‍💻

@n_dimension you can see it here. Lead programmer, Brian (who posted this 1996 Aus., tv clip) was responsible for the idea. #SausageSoftware / #HotdogEditor / #WWW / #DotCom / #startups <youtube.com/watch?v=FG2dvZQBMn>

Dag

The #AI hype is the #dotcom of 2024.The value of current AI technology is disproportionate to what companies are betting on it to increase their revenue. I guess most people will be tired of generated content that is just a repeated variant of what some human has written. Generative AI does not have capabilities to #create and be #innovate, It can give abstracts of wast amount of information and maybe help humans work faster, Robots will continue to improve on repetitive tasks.

𝗣𝗠𝗝 👽

mark my words - der ganze #KI hype wird übler enden als #dotcom nur dass diesmal zusätzlich noch DEINE gesamten persönlichen daten involviert sind
in 2-5 jahren wird der ganze scheiss implodieren und das ganze web 2.0 aka #socialmedia mit in den abgrund ziehen
youtube.com/watch?v=T8ByoAt5gC

Jason Tubnor 🇦🇺
Hmmm, #nvidia bubble. I've seen this story before in tech. For those that weren't born yet, it was known as the Dot Com bubble. It had such an effect that some very large tech companies never really recovered from it. No doubt, we'll see Nvidia have the same fate. #sunmicrosystems #sun #dotcom
Coach Pāṇini ®

Big Tech and #VCs will only change their #mindset when either enough #startups and #investors go belly-up, which is being delayed by adding “AI” into everything at all possible.

My experience has been that VCs aren’t as creative as people think they are, and we’re experiencing a #DotCom crash in slow motion.

The difference is, there was a financial crisis in between which enabled the VC and Big Tech ecosystem to gain not only outsize mindshare, but only market share of the #economy.

5/n

Jason Culverhouse :flipboard:

@dcreemer I’ll be there Sunday at noon. My favorite story is when we went there after the collapse of the #dotcom and the waiter said “You still have money to eat?”

Hamish Campbell

it’s a term the liberals can understand, in this it has limited to this narrow point of view.

I have been using the #dotcons for the last 20 years to express the same idea.

The whole 30-year tech ecosystem is designed to CON you (https://en.wikipedia.org/wiki/Scam) for profit #dotcom (https://en.wikipedia.org/wiki/Dot-com_company)

They inclosed the #openweb and we (our liberals) went along with this mess.

And with “#enshittification” they are still going along with this mess.

A critique of the term “#enshittification

* Obscuring Responsibility: The critique, using terms like “enshittification” obscures the true root causes of the issue. Instead of attributing problems solely to a general decline in quality, the focus should be on identifying specific actors and factors responsible for this decline.

* Profit Motive and Diverging Interests: The critique argues that behind the concept of “enshittification” lies the profit motive inherent in capitalist systems. There’s a divergence of interests between product users (consumers) and product owners (corporations), where decisions are driven by maximizing profits rather than improving user experiences.

* Lack of Accountability: By simplifying issues like “enshittification,” there’s a risk of absolving those responsible for making harmful decisions. The critique should emphasize the need to hold accountable the individuals and entities that prioritize profit over societal well-being.

* Liberal Perspective and Tech Ecosystem: The discussion needs to extend to the role of liberalism and the tech ecosystem in perpetuating these problems. We need to criticize how the #openweb was enclosed and co-opted by the #dotcom industry, with complicity from liberal circles.

* Call to Action: The #dotcons, critique is a call to action against those who exploit technology for profit without regard for societal consequences. It condemns the manipulation and exploitation within the tech industry and urges a more critical approach to understanding and addressing these issues.

In summary, we need to challenge the use of “common sense” terms like “enshittification” to describe complex societal problems, advocating instead for a deeper examination of the profit-driven motives and systemic inequalities that underlie deteriorating online quality and community experiences. #dotcons highlights the importance of accountability and critical analysis in addressing the harmful impacts of technology and capitalism on society.

#dotcom #dotcons #openweb

https://hamishcampbell.com/?p=4862

kolektiva.social

Kolektiva is an anti-colonial anarchist collective…

kolektiva.social
witchescauldron

A critique of the term "#enshittification"

* Obscuring Responsibility: The critique, using terms like "enshittification" obscures the true root causes of the issue. Instead of attributing problems solely to a general decline in quality, the focus should be on identifying specific actors and factors responsible for this decline.

* Profit Motive and Diverging Interests: The critique argues that behind the concept of "enshittification" lies the profit motive inherent in capitalist systems. There's a divergence of interests between product users (consumers) and product owners (corporations), where decisions are driven by maximizing profits rather than improving user experiences.

* Lack of Accountability: By simplifying issues like "enshittification," there's a risk of absolving those responsible for making harmful decisions. The critique should emphasize the need to hold accountable the individuals and entities that prioritize profit over societal well-being.

* Liberal Perspective and Tech Ecosystem: The discussion needs to extend to the role of liberalism and the tech ecosystem in perpetuating these problems. We need to criticize how the #openweb was enclosed and co-opted by the #dotcom industry, with complicity from liberal circles.

* Call to Action: The #dotcons, critique is a call to action against those who exploit technology for profit without regard for societal consequences. It condemns the manipulation and exploitation within the tech industry and urges a more critical approach to understanding and addressing these issues.

In summary, we need to challenge the use of "common sense" terms like "enshittification" to describe complex societal problems, advocating instead for a deeper examination of the profit-driven motives and systemic inequalities that underlie deteriorating online quality and community experiences. #dotcons highlights the importance of accountability and critical analysis in addressing the harmful impacts of technology and capitalism on society.

witchescauldron

@Scmbradley it's a term the liberals can understand, in this it has limited to this narrow point of view.

I have been using the #dotcons for the last 20 years to express the same idea.

The whole 30-year tech ecosystem is designed to CON you (en.wikipedia.org/wiki/Scam) for profit #dotcom (en.wikipedia.org/wiki/Dot-com_)

They inclosed the #openweb and we (our liberals) went along with this mess.

Scam - Wikipedia

en.wikipedia.org
Anthony
Honestly, besides all the basic economic reasons that this cannot last, the application area is one math theorem away from imploding.

All it'd take is one clever math result demonstrating you don't need absolutely gigantic neural networks trained on mind-bogglingly-huge datasets to achieve the AI goals of most companies, and NVIDIA's hardware dominance evaporates. Why would you spend thousands or tens of thousands of dollars on a GPU that uses 300 Watts of power when you could achieve the same thing with an ASIC or FPGA that uses 3 Watts? This is already true for many applications, but apparently it hasn't been widely realized yet. It'll be hard to ignore if/when it becomes true for the vast majority of applications. Which it could.


#AI #LLM #hype #NVIDIA #graphics #bubble #DotCom