Tech projects failing is normal, what’s more telling is comparing them to non-AI tech projects.

But according to research by the RAND Corporation, over 80% of these AI projects will fail — which is twice the failure rate for non-AI technology-related startups.

Remember kids, the “failure” is economic failure, not moral, not utility.

Chatgpt is a “success”. If the company is stealing your face, art, voice but it is making money, they list it as a success.

By that metric, FTX was a “success” until their fraud was revealed.

80% fail economically, how many of those 20% fail morally? How many of those 20% have real utility? (E.g. not only generating weird picture of poor children building Mickey mouse out of bottles)

Billions in capital should be billions in taxes.

the internet can do really good things but for every Amazon we also had pets.com in the 00s burst i think we are speedruning the bubble with AI. I can’t wait till it pops so we can move on to something useful and stop wasting power.