At some point the ‘build it and they will come’ model runs into a wall of reality, because people don’t do things just because you really hope they will, but because it makes sense for them.

Take digital cameras as an example. They enjoyed a massive boom about 20 years ago as the technology developed. Then the technology became good enough, and phones became more convenient, and now cameras are returning to being a relatively niche and expensive product. Funnily enough, phones are running into the same problem, which is that they are good enough, and people are more reluctant to run out and buy the latest product now.

All of which is to say, I think AI will eventually settle into a market niche, offering useful tools for data analysis, multimedia editing, and coding, to say nothing of other fields I haven’t thought of. I also think that market niche will not be sufficient to sustain the enormous resources being dedicated to the AI industry at present, simply because they’re wildly overestimating AI’s appeal to the public.