Comment by ncallaway
> as long as there's a new new thing to replace it as the aspirational vehicle. Like any good mark in a con game, tech investors want to believe.
Yea, but it seems like the new new thing needs to get progressively bigger with each cycle, which is why I think the shell game is almost over.
They really can't overpromise much more than they did with the AI hype-cycle.
It feels like a startup valuation in that having a down round is...not favored by investors; I feel like having a step-down in promises would also be problematic.
> They really can't overpromise much more than they did with the AI hype-cycle.
While I agree that "replace all human labor" is already pretty high up there on the overreaching u/dis-topian promise list, there are still a few things left.
Perhaps the next dream to sell will be digitizing the minds of Valued Shareholders so that they can grasp immortality inside the computer.