this post was submitted on 07 Apr 2025
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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If the genai bubble bursts at the same time as the Trump effect is on Google it's going to be a proper bloodbath. There's literally a nothing else keeping venture capital and the rot economy afloat.
You're dead right on that.
On a wider front, I expect the bubble's burst will deal some long-lasting damage to the tech industry, on two major fronts:
Evaluations/stock prices will go through the floor, as investor assumptions of Endless Growth^tm^ are shattered, and the tech industry comes to be seen as "a stable, mature industry whose days of endless growth are behind it" (quoting Baldur Bjarnason), at best and deep in the throes of a serious malaise era at worst. One outcome is obviously better than the other, but both will lead to a lotta pain.
The tech industry's public image, already in the shitter for a litany of reasons, will likely take another significant blow as the industry's ability to generate hype for AI and/or counteract the boiling resentment towards it completely falls apart.
I hope so, for both.