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Showing posts with label AI Bubble. Show all posts
Showing posts with label AI Bubble. Show all posts

Thursday, April 2, 2026

Where are things now in the AI market?

 Can we even know?
 
 
Hmmm...
 
 
AI Bubble-burst drawing nigh?
 
Trump's Iran debacle certainly is not helping matters. 
 
TWO NEW READS UNDERWAY
 
 
SEBASTIAN MALLABY
This book is about intelligence. On the one hand, it’s a portrait of a remarkable human, a chess prodigy, a Nobel laureate, a polymathic thinker. On the other hand, it tells the story of his quest to build remarkable machines: systems that are intuitive, creative, and even original. At some point in the not-so-distant future, artificial intelligence will beat human intelligence at almost every mental task, and to say this marks a watershed would be a parody of understatement. Artificial intelligence heralds a transformation more profound than anything since Homo sapiens acquired the capacity for abstract thought, some seventy thousand years ago. 

I first met Demis Hassabis, the remarkable human, in the mid-2010s: an elfin figure with dark hair falling forward toward angular eyebrows, his face framed by standard-issue spectacles. Already a star technologist and the possessor of a comfortable fortune, he seemed much younger than his thirty-eight years. Smooth-skinned, slight of build, he came across as a phenomenally articulate youth rather than a staid adult. He would appear onstage at conferences dressed in a boyish crewneck and loose slacks. “AI is the technology of making machines smart,” he began one typical performance in 2015, stating his premise in the plainest form possible. 

What he said next was what got your attention. Hassabis embarked on an explanation of his life’s purpose: the pursuit of machine superintelligence. Growing up in North London, he had decided that two fields of inquiry stood out: physics and neuroscience. Physics explains the external world, from the behavior of particles to the functioning of the universe. Neuroscience explains the internal world—the neurons and synapses and electrical pulses that constitute intelligence. Later, at some point in his twenties, Hassabis had concluded that neuroscience was the more important of the two: The internal trumped the external. Intelligence is fundamental; it is the root of all else. It is the mechanism through which humans perceive reality. 

Still speaking plainly, as though he were saying that he’d wash the dishes after lunch, Hassabis invoked the eighteenth-century philosopher Immanuel Kant. 

“The mind interprets the world,” Kant had declared. 

“It’s the mind that creates our reality around us,” Hassabis now said, by way of emphasis. 

The question was how to comprehend intelligence. Here Hassabis pivoted to a second intellectual giant, the Nobel laureate Richard Feynman. “What I cannot build, I do not understand,” Feynman famously remarked, and Hassabis clicked on a controller in his hand to display a slide of the great physicist. Following Feynman’s dictum, in order to grasp human intelligence, scientists would have to build an artificial analog: a machine that mimicked human thinking. AI’s practical or profit-making potential was a secondary concern. The youthful figure on the stage wanted “to understand our own minds better.”…


Mallaby, Sebastian. The Infinity Machine: Demis Hassabis, DeepMind, and the Quest for Superintelligence (pp. xiii-xiv). (Function). Kindle Edition.
MATT KAPLAN 
Just as Galileo endured because of the kindness of Ferdinando II de’ Medici, so too did Mary because of the kindness (and ferocity) of Jack, and Carl Woese because of the support of Ralph Wolfe. Just as Lister’s students helped him to survive, so too did David help Kati when times were tough. Just as Michaelis bravely tested Semmelweis’s ideas when he was being attacked, so too has Prasenjit Dey tested Betsy’s findings in his own lab and made remarkable discoveries. 

That might all sound very poetic and idealistic. To a certain extent, it is. There is no getting around the fact that the systems within science need to be altered in a manner that reduces competition and nurtures creativity. Reform must happen. With that said, we are creatures with a love of stories. Since the first tales were told around fires, we have loved our heroes and fondly dreamed of stepping into their shoes. Those instincts have not changed. This is something that we must take advantage of. 

Science journalists, myself included, have a long history of reporting the latest scientific discoveries. This is important, but it is no longer enough. If we want to change the way scientists behave, we need to talk more about heroes both in the pages of books like this one and within the science sections of newspapers like The Economist. We need to be shouting the stories of scientists who are doing the right thing from the rooftops. When they call out fraud, refuse to be manipulated by perverse incentives, and support those with unorthodox ideas in their communities, we need to celebrate their actions. We have done a good job with Kati, but there are so many more people out there whose heroics remain unknown. We need to find them. We need to prioritize telling their tales. We need to do this. Now.


Kaplan, Matt. I Told You So!: Scientists Who Were Ridiculed, Exiled, and Imprisoned for Being Right (pp. 232-233). (Function). Kindle Edition.
Sebastion came to me via an Atlantic article. Matt via a new book review in Science Magazine. The Infinity Machine goes to current digitech issue, as explored by Laurie Segal above with Sam Altman.I Told You So is predominantly a work of science history focused in particular on the overlapping socioeconomic / cultural-political ramifications of the science domain across millenia.
 
OFF-TOPIC ERRATUM
    
The Paddington Road Greycare Center is fully staffed and fully attended today. Meee-mo & Pop on duty. Baltimore city schools are closed today in observance of Passover, so Calvin has an off day. He’s assisting with little brother Arlo. 

apropos, 
 

"Pop, can I use your iPhone?"—Calvin
 
'eh?
 

Wednesday, December 31, 2025

Bring On The New Year…

   
Yeah, I know, the jpeg jokes just write themselves. And, are really not all that funny.
 
Neither is this:
    
 
15 minute video. I screen-scraped the first 1:45 of the audio transcript.
We are taught that wars start with a gunshot. An assassination in Sarajevo, a surprise attack on a harbor, a tank crossing a border. But financial history tells a different story. It tells us that the gunshot is merely the final act of a tragedy that was written years earlier in the ledgers of central banks and the balance sheets of failing empires. 

War in its truest sense does not begin on the battlefield. It begins when the money stops working. It begins when a nation US debt becomes so crushing that the only way to erase it is to destroy the creditor. It begins when the global trade system fractures and it becomes cheaper to seize resources by force than to buy them on the open market. It begins when the illusion of prosperity collapses and leaders need a common enemy to save themselves from their own angry citizens.

We are standing on the precipice of such a moment. The year is [now] 2026. The global economy is sitting on a $300 trillion debt bomb. The United States is borrowing $1 trillion every hundred days just to keep the lights on. China is facing a deflationary collapse that threatens the legitimacy of its regime, and trust in the global reserve currency, the US dollar, is fracturing. Economists call this a structural convergence. Historians have a simpler name for it. They call it the pre-war era. 

In 1914, the global financial system broke and the world went to war. In 1939, the trade system broke and the world went to war. Now, the indicators are flashing red again. Welcome to the financial coin historian. Today we are not just analyzing a recession. We are investigating the terrifying possibility that the financial crisis of 2026 will be the trigger for World War III. We will show you the mathematical inevitability of the debt cycle. We will expose the war economy that is already being built in the shadows. And we will explain why when the check finally comes due, the price will be paid not in gold, but in blood. This is the story of the war that the bankers built…
I don't yet buy all of the argument, and I wonder whether the text was AI-written rather than by a human historian with requisite Cred. We do in fact face a number of potential national and global large-scale adversities. And with people in charge like "War Secretary" Pete Hegseth, one would rationally be forgiven for elevated angst. (And then, there's Pete's boss, now abstrusely/overtly threatening to invade Iran. 3 a.m. Jan 2, Truth Social, "We're locked and loaded and ready to go."
Cosplayer-in-Chief
Short of WWIII, might we "merely" experience The AI Bubble in 2026, given the recursive, circular, Enron-Worldcom-esqe revenue laundering increasingly hiding largely in plain sight these days?  

FINANCIAL ALCHEMY UPDATE
 
 
 
 
UPDATE 
From WIRED
What aviation would be good at—moving people from one place to another, much more quickly than was possible with cars, trains, or horses—was clear enough early on. This is what elevates AI bubbledom to another level: The promise of AI, to investors, is nearly infinite. It’s beyond uncertain. It’s unknowable. And we should note that AI arrived after much of a decade of near-zero interest rate policy that led Silicon Valley investors to place bets on companies with little to speak of when it came to business models, but boasting big narratives. Uber, the poster child startup of the era, founded in 2009, did not post a profitable year until 2023. And the AI narrative is ‘Uber for X’ on hallucinogenic steroids. Different parts of the AI story, whether it’s, say, ‘AI will cure cancer’ or ‘AI will automate all jobs’, appeal to investors and partners of every stripe, making it uniquely powerful in its bubble-inflating capacities. And so dangerous to the economy.

It’s worth reiterating that two of the closest analogs AI seems to have in tech bubble history are aviation and broadcast radio. Both were wrapped in high degrees of uncertainty and both were hyped with incredibly powerful coordinating narratives. Both were seized on by pure play companies seeking to capitalize on the new game-changing tech, and both were accessible to the retail investors of the day. Both helped inflate a bubble so big that when it burst, in 1929, it left us with the Great Depression...

Read/listen to all of it.