All of us are waiting for the bubble to burst but will it actually affect anything? I think AI has already done so much irreversible damage to Interest & Society(Kinda). I have seen YouTube channels with 100K subs who create AI Slops(Music, Short stupid essay), Xhitter account which have more than 100K followers which pump out good enough art. Even if bubbles burst these tools will go nowhere. Every day I wake up I feel much shittier. I need to puke. I am seeing everything I love getting ruined by soulless bot or greedy humans who don't love art/music/story etc. I am sounding like a boomer but I am in my early 20s actually. I go to reddit there are Pro AI people laughing at us calling us Luddite or "Decel". I have no hope most of you guys are old folk. I want to leave this fast paced world & go do farming at my hometown. Reading Books made by humans and watching some movies made by humans in a week without caring about this whole hellhole. I was so passionate about computer engineering I really loved technology. I was one of the early adopters of Gen AI who loved Midjounery because it was new & looked kinda magical to me now it looks like the most dystopian shit human yet created. I now resent my degree. I am a replaceable human who has no value. Human evolutioned much just to be replaced by some bots so I can do more slavery for corpo lords who believe that capital is ever growing like a cancer cell.
Using generative AI (GenAI) here as the term to differentiate from analytic AI
Once the bubble pops, the flow of venture capital funds will dry up. Once those funds dry up, the GenAI companies will need to charge users to cover the costs. Almost no individual is willing to pay for GenAI, since the output is such poor quality. Almost all GenAI companies will go out of business. The few that consolidate & survive will charge quite a bit, since the inference costs of GenAI are so high, let alone the training costs of new models. This will cause a drop-off in usage from individuals since it will not be profitable to create slop content on social media platforms.
This is the result that I hope for, but we shall see. The fact is that on paper, this seems like the likely outcome, but we just don't truly know the actual financial situation because all of the major providers are doing everything that they can to obfuscate true picture.