Bubbles pop when no one is looking

I see plenty of long-term worries about AI—how it affects our craft, society, the earth, and humanity. There’s also day-to-day anxiety that it’s a constantly inflating capital bubble that will eventually pop. Some people see it as a chance to go back to what we were doing in the pre-GPT-3 era. Others see it as a threat to their livelihood. Market crashes are not a nice thing to observe, especially when you’re caught in the middle of one.

To both groups—participating but scared, and rejecting but hopeless—there’s one perspective about tech bubbles that holds true: they burst when people start losing interest. Crypto, Clubhouse… you name it. The correction came when we found something more interesting, more entertaining, or when world events grabbed our attention.

Pessimists will see this as an endless cycle of the capitalist machine: we shouldn’t have any bubbles. Optimists will see a beautiful cycle of technology pushing humanity forward: the previous bubble was needed for the next one to be even bigger. Realists will sit back and simply watch where attention shifts, trying to predict the pops.