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		newAccount2025 on Feb 18, 2025 \| parent \| context \| favorite \| on: The Generative AI Con Can it be an investment bubble but also a hugely promising technology? The FOMO-frothing herd will over-invest in whatever is new and shiny, regardless of its merits?

simonw on Feb 18, 2025 [–]

I recently compared the buildout of data centers for AI to the railway bubbles of the 1800s.

Nobody will deny the importance of railways to the Industrial Revolution, but they also lost a lot of people a lot of money: https://simonwillison.net/2024/Dec/31/llms-in-2024/#the-envi...

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