General Discussion

MineralMan

(151,527 posts)

23. It didn't kill, but it screwed up the economy big time for a while.

Thu May 14, 2026, 03:34 PM

18 hrs ago

The computer magazines disappear, along with my freelance work. Real estate values were affected. I sold my CA house for way more than it was worth. I moved to Minnesota and bought twice the house for half the money. Then, even CA home prices froze for a while. I got in on the last gasp of high prices.

How many computer companies now make and sell computers? Vastly fewer than before.

Things recovered, certainly, and they will again, but not without a great deal of pain for some. And, with that, I'm done with this subthread.

Oh, and if you thought I was AI, I'm not. Instead, I keeps seeing things I wrote in AI output. Isn't that interesting? I don't write for a living now. In fact, I'm 80 years old and sitting around enjoying myself.

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rictofen eppur_se_muova bitofalright KS Toronado

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Highlight:

I'm Going to Make a Huge Prediction [View all] MineralMan 19 hrs ago OP

There is unquestionably a bubble in the sector... Moostache 19 hrs ago #1

Yup. MineralMan 19 hrs ago #2

Yeah, try calling the IRS... bobalew 14 hrs ago #60

It Also Seems To Presume... ProfessorGAC 19 hrs ago #4

This is the most nefarious part Diraven 17 hrs ago #40

Everybody I know is somewhat skeptical/uncomfortable engaging with it.... Ars Longa 19 hrs ago #3

A very expensive, society-wrecking solution looking for a problem. Midnight Writer 19 hrs ago #5

Their only path to profitability is evil Diraven 16 hrs ago #47

I happen to love that statement. OldBaldy1701E 49 min ago #64

Good advice. As an IT person, I trust you far more than many others sprouting this nonsense about AI etc. It SWBTATTReg 19 hrs ago #6

Drive thru fast food places like Rally's have AI taking orders.............. Lovie777 19 hrs ago #7

"Hello. Will you be using your McDonald's ;membership today?" 3Hotdogs 18 hrs ago #10

TY TY TY Katcat 18 hrs ago #20

No. The Madcap 17 hrs ago #26

It is fast. It used to be cheap. Swede 42 min ago #66

I think it's more fundamental than that sab390 18 hrs ago #8

No doubt. I don't know what happens. MineralMan 18 hrs ago #14

Agree, AI is a tool, not a solution. IzzaNuDay 18 hrs ago #9

Disagree. yowzayowzayowza 18 hrs ago #11

Thanks. I understand the technology, MineralMan 18 hrs ago #17

The dot com bubble didnt kill the internet any more than this one will kill AI. yowzayowzayowza 18 hrs ago #18

It didn't kill, but it screwed up the economy big time for a while. MineralMan 18 hrs ago #23

I so hope you are right! ShazzieB 18 hrs ago #12

I agree with you, but I do it coming from a different angle. slightlv 18 hrs ago #22

I hate AI PCB66 18 hrs ago #13

'that we will all benefit from'?? notinkansas 18 hrs ago #19

I think all the issues you quoted PCB66 16 hrs ago #49

No. The world population is not the focus here. notinkansas 15 hrs ago #56

I think humans are learning faster than AI: for example, many of us can now recognize AI fake pics /videos very quickly. C Moon 18 hrs ago #15

Man, I hope your right. My techi relative thinks it's gonna take over the world Joinfortmill 18 hrs ago #16

Well, you have to admit they are trying, for sure. ananda 17 hrs ago #37

Most bubbles burst... that's all. MiHale 18 hrs ago #21

Ed Zitron's done some of the best writing on this flawed, heavily subsidized tech and the bubble it's created. highplainsdem 17 hrs ago #24

The way I see it, AI's most prominent role infullview 17 hrs ago #25

My son in college just shrugs and says it's a tool - TBF 17 hrs ago #27

I think you may overestimate what businesses really think about CSAT Bristlecone 17 hrs ago #28

It will bankrupt the entire country bucolic_frolic 17 hrs ago #29

It will kill a few hundred people before that and have bobalew 16 hrs ago #54

I watched a couple of videos today Racygrandma 17 hrs ago #30

Yes, saw that on FB... buzzycrumbhunger 16 hrs ago #48

No worries about noise. When data centers gobble up all the water and farmers can't irrigate fields Attilatheblond 16 hrs ago #50

I am in KS we are in a drought Racygrandma 14 hrs ago #59

I am in southern part of AZ. And idiot county officials STILL promote data centers Attilatheblond 12 hrs ago #61

Used to live in 'wheat country' in Montana. Drought there too. Attilatheblond 12 hrs ago #62

And in the meantime, deafness has its advantages! Sweet Rosie Red 22 min ago #68

You could read the same analysis as this post SCantiGOP 17 hrs ago #31

I also think that AI will end up being a bust LetMyPeopleVote 17 hrs ago #32

I agree with you on that..................... Lovie777 17 hrs ago #34

If you are in the market at all, perhaps consider XMAG ETF pat_k 17 hrs ago #33

As I have said elsewhere this looks exactly like the excessive speculation I saw when the internet was ramping up Ford_Prefect 17 hrs ago #35

Exactly. MineralMan 16 hrs ago #53

Thomas Edison new well the potential of new technology even in the face of its opposition. Ol Janx Spirit 17 hrs ago #36

This message was self-deleted by its author Prairie_Seagull 17 hrs ago #38

Nope NoRethugFriends 17 hrs ago #39

Good analysis and explanation. MineralMan 17 hrs ago #42

Thank you. NoRethugFriends 15 hrs ago #58

Perhaps some people do not use AI effectively ThreeNoSeep 17 hrs ago #41

Most people don't use it at all. MineralMan 17 hrs ago #45

Correction ThreeNoSeep 16 hrs ago #51

We fear what we don't understand RoseTrellis 17 hrs ago #43

LOL! MineralMan 17 hrs ago #44

If your 401K has a stock component, you're likely exposed to AI stocks nitpicked 16 hrs ago #46

I think that the real commercial purpose of AI Klarkashton 16 hrs ago #52

I've posted a link to this analysis before .... eppur_se_muova 15 hrs ago #55

Totally agree that baloon is about to pop CanonRay 15 hrs ago #57

Is AI going away? lonely bird 1 hr ago #63

"Let Grandma Die for the DOW" Ruby the Liberal 44 min ago #65

I agree! Sweet Rosie Red 31 min ago #67

Like most DU predictions, this one should be taken with a grain of salt. onenote 17 min ago #69

I think you're 100% correct. Greybnk48 3 min ago #70