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The worst kind of tech hype is when something is portrayed as inevitable and unstoppable, with criticism or doubt blithely dismissed as "they don't get it".

Just because a giant tech company pours vast amounts of money down a toilet, that doesn't mean the toilet is going to start spewing gold coins into the air.

#Hype #Tech #TechBros #Journalism #TechNews

This entry was edited (6 days ago)

reshared this

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

hey guys we over thought hash values and made a log file that consumes all of the power of the entire machine.
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

I think itโ€™s especially dangerous when multiple big tech companies get on [insert whatever overhyped tech thingy here] and it just exponentially increases said hype.
in reply to MIfoodie

@MIfoodie

Some journalists have real difficulty believing that multiple giant companies can make the same huge mistake all at once, despite lots of examples from the past few years.

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

I'd like to say "I understand it extremely deeply, that's why I'm not into it" but it never seems to help.
in reply to ch0ccyra1n :she_her:

I don't understand how so many journalists are treating AI/LLM as a "done thing" when it is so clearly broken with fundamental problems.
This entry was edited (6 days ago)
in reply to Kaye

I did try to find a "juicero is here to stay" headline! ๐Ÿ˜†

Unfortunately looks like it disappeared too quickly to generate such articles, but on the other hand it did burn through $120 million of funding from Google. ๐Ÿ™„

This entry was edited (6 days ago)
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

I call those hypes technoreligion. These have their dogmas of belief and da fuck on the dead mans chain with you unbeliever.
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

but sometimes you look back in time and most of the stuff you use today were deemed hype when they launched.

Even as a kid in the eighties I rolled my eyes when grownups called video games a hype ๐Ÿ˜‰

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

Ah yes, it's the "we're desperately trying to act like we're as innovative as we were in the 2000s, and will get super defensive if you question it" model.
This entry was edited (5 days ago)
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

I remember trying to find problems that blockchain fixed. Could only find problems blockchain made worse, casino capitalism for example.
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

The 3D TV one hurts a little, it was cool! (but expensive to make content for...)

With the "metaverse" I'm sure it'll stick around, it just won't be Meta's. If you have no furries on your platform something has gone wrong...

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

tbf the metaverse is still here, just that everyone who isn't called #vrchat flopped hilariously
Similarly I think that, after the hype passed and all of those #ai bs blow up, it will still remain some reasonable applications, at the very least better digital assistants and better speech to text, that we won't call ai anymore
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

@sepdroid โ€œJust because a giant tech company pours vast amounts of money down a toilet, that doesn't mean the toilet is going to start spewing gold coins into the air.โ€

10/10, no notes

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

When I would talk about the Metaverse being a pile of shit I would literally see comments telling me "but Meta are pouring Billions into it". Same with NFTs, Crypto....

People either don't learn or we have an unending supply of idiots.

in reply to Orthia

@Orthia

Yeah, that's the most concerning thing. The "google plus is here to stay" article claims that it must succeed because Google is pouring so many resources into it.

Maybe some people are so convinced by the wisdom of markets, they cannot comprehend the existence of bubbles?

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

@Orthia Or maybe the people behind these projects understood the sunk cost fallacy but not the journos reporting on them...
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

I still wonder why people don't remember the 90s when VR was built right into Netscape Navigator but nobody used it because it was just boring. It died for the exact same reason it dies today. Just because you pour a lot of money over something it is not water that carries life.
in reply to The gallant knight

@burningTyger

It's weird how VR and 3D keep being hyped as if they'd never been tried before.

The first 3D films were in the 1910s, then another hype wave started in the 1950s (some of Hitchcock's films were in 3D), then the 1980s, then the 2000s. Every time it failed for similar reasons (the 3D didn't really look 3D, people needed to wear special glasses, some people couldn't see it etc).

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

p.s. A few more "here to stays" that didn't make the four image limit of the original post.
This entry was edited (4 days ago)
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

p.p.s. Special mention to Apple for spending over $10 billion on the Apple Car and ending up with zero to show for it:

https://www.macrumors.com/2024/02/28/apple-car-10-billion-spent/

They avoided "here to stay" headlines by simply never releasing the product they'd sunk $10,000,000,000.00 into making.

All big companies make really bad bets, even the largest prestige projects can end up being a total waste of time and money which are abandoned and forgotten. There is never an inevitable success from anyone.

This entry was edited (4 days ago)
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

not just in tech, but many times when someone claims that a trend is "inevitable", that is much more about their hopes and emotional investment than any real evidence.
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

Tengo que decirlo. Me gustaba la idea de Google+. Te ofrecรญa la posibilidad de tener a los compaรฑeros de clase, a la familia, a los compaรฑeros de trabajo, a quienes solo conocรญas on-line y a tus amigos en la misma cuenta, pero teniรฉndolos en diferentes secciones. Te permitรญa publicar algunas cosas solo en unas secciones y tenerlo todo separado para no mezclar trabajo y amistad, virtual y real, ...
Pero nos lo vendieron MUY mal
in reply to Lu

@PrincipeLu

I think Google originally took the "Circles" idea from Diaspora, which is still around but unfortunately not being developed much nowadays... ๐Ÿ™

@Lu
in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

>that doesn't mean the toilet is going to start spewing gold coins into the air.

hehehe... *golden shower*.

in reply to FediThing ๐Ÿณ๏ธโ€๐ŸŒˆ

Some of that is because PR blasts are quick, and low-level news reporting is a grind, possibly to even make minimum wage. (In other words, because the reporters don't have much time, it ends up with a lot of news being regurgitation of company PR.)
This entry was edited (3 days ago)
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