The US is no different. All the deals seem to make sense until you take a step back and realize it's just a bunch of circular investments. This bubble bursting is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.
Is the US really no different? I can name at least a few US companies making a serious attempt at AI stuff, and while I haven't invested in any of them I can understand how billions of dollars are being thrown around here.
But in the UK? What UK AI orgs are there? Deep Mind is/was but they're owned by Google since a long time ago. Is there even a single large UK company taking money for AI that isn't just flagrantly scamming by any measure?
> is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.
When was that? Seems I missed it, the market cap of cryptocurrencies in general seems to still be around ~2.5T USD, way above what I thought an "implosion" would mean.
Oh crypto is doing fine, no issues there. NFTs however, like all the hype of pictures of monkeys selling for ridiculous amounts of money, that's the implosion I was referring to.
The "blockchain" collapse was covered up by the AI explosion, many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).
> many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).
I'm guessing you're talking about smaller projects? AFAIK, neither Bitcoin nor Ethereum have anything to do with AI, and combined they're 1.5T USD in market cap, that's not propped up by AI, is it?
Yes - the scam/hype around crypto was always on the "application" of it (or shitcoins) - BTC and ETH have just chugged along as they actually have an underlying use case.
https://en.wikipedia.org/wiki/AI_bubble