i love ai in my offline foss softwares that are still in beta

The video game market crashed hard from 1983 to 1985 and never really recovered.

Bitcoin needs ASICs to run it. GPUs haven’t been viable there for a long time, and ASICs aren’t useful for anything other than the thing they’re designed to do.

Ethereum used GPUs until it went proof-of-stake, but it was always smaller than Bitcoin.

Nothing else is big enough to have caused a bubble.

Most of the AI training is being done in brand new datacenters on brand new GPUs. Those Ethereum GPUs mostly got dumped on eBay.

“If you don’t use NFTs AI models, you will be left behind”.

I swear it’s the exact same people.

You can do that, and I can do that. Companies don’t want to provide that, because there’s value to having you feed their data. That means there’s no incentive for them to make it easy for people to run local models.

So sure, it can technically exist, but not as a mass market tool.

What happened? Explain for someone from '03 please?

The main thrust of it was oversaturation. A whole bunch of companies put a whole bunch of money into video games at once, but the demand wasn’t there, so only a few titles and/or consoles could become hits and the rest were just huge wastes of money. It ended up snowballing and iirc the market receded by circa 95%, resulting in a lot of bankruptcies. Stores either returned surplus, or marked it down considerably, which meant little or no revenue for companies that made the products, and so of course they died. That includes US games, Atari, lots of other famous brands.

They sure did profit from all the bubbles, but how would they profit from the AI bubble bursting?

They can maybe swoop in and catch an even bigger share of the market, as they are filled with cash after the AI bubble?

And in early 2000 too

Sooo basicly the same that is happening right now?

They already have almost all of the discrete gpu market, they’d have to expand to new markets (although they are kind of exploring that already)

Fortunately FOSS software is often not beholden to companies or profit motives like that, and that’s specifically what this meme is about.

The future of web development is AI. Get on or get left behind.

That’s a good point, my bad. I didn’t think about the bursting.

And it’ll be just as impactful to mass culture as self-hosted FOSS software. That is, not very at all. My mom isn’t hosting her how Jellyfin server, and she isn’t hosting an LLM, either.

Or make sure the next big thing is also using GPUs

Okay? That’s not what the meme was about, that’s a separate thing.

To add to what the other commenter said;

You have to understand that “obsolete” is much more of a recent understanding culturally. In the 80s it was still far more common to see appliances as things you bought for life and to see electronics like a television, computer, hi-fi, etc. as appliances.

The oversaturation came not just from a plethora of games but also from a severe lack of quality control and from Atari and other companies rapidly releasing new consoles, that weren’t exactly upgrades to the previous consoles, to a market that wasn’t interested in replacing the system and games they just bought while dumping support for the previous console. Atari is most guilty of this and an attempt to reduce inventory and increase price led to the now famous ET carts buried in the desert story you may have heard about.

By the time Nintendo was ready to release the NES in North America they did so through toy stores and marketed it as a toy and not a computer for games (one example of this is the board inside the cart only takes up about 1/3rd the space, they made them bigger for kids to handle in NA compared to the Japanese version called the Famicom). As well, they had extremely strict quality control guidelines with things like the Licensed by Nintendo seal appearing on approved games and accessories, and bans on retailers that sold unlicensed games. It took a couple years but this approach paid off. They also didn’t drop the NES when the SNES was released with the last official NES game (Wario’s Woods, also the only NES game to get an ESRB rating IIRC) coming almost 5 years after the SNES came out.