Premium: Notes From The Bubble, Volume 1
17 hours ago
- The author is starting a new series called 'Notes From The Bubble' to discuss standout tech stories and their impact, replacing the planned 'Hater's Guide' due to time constraints.
- The tech industry is descending into 'cargo cultism' with desperate, ridiculous actions driven by fear that AI may not be the next big thing, leading to hype cycles to avoid facing reality.
- Examples of tech industry absurdity include Meta creating a Polymarket competitor, Snap launching AR glasses few want, Microsoft's shifting AI allegiances, and Google investing $75 million in A24 for a vague AI partnership.
- The industry is characterized by cobbled-together ideas from monopolistic companies with out-of-touch executives focused on shareholder value and stock compensation.