From an outsider perspective, tech seems to advance in some planned, logical fashion. Like a laptop from 2005 is a total POS compared to a brand new one because the processor is faster, as are the memory, hard drives, etc... Tech necessarily "advances" in every way.
Like there's were 4G wireless networks then a 5G wireless network replaced that. EVs will also replace the ICE cars because they're new. The advances are necessary and all good: everything is cheaper with the new tech, everything is better, etc...
The financial hype bubble economy really mind fucked billions of people. I think they're really incapable of evaluating reality at all. It doesn't matter if they're Joe Public or CEO of a car company or a tech company. They all buy into the same narratives and live inside the narrative.
Believers are receivers for deceivers.
To me it's pretty weird. Ford, for example, went all in on green BS and EVs in just a handful of years, and lost $19B. I guess because progressive democrat retards were running the federal government then? Ford's leadership had no knowledge about cars, or the car market that superseded some corrupt ideologues in the government? WTF? It's wild, but apparently true.
New tech gets trialed in the real world. A lot of it goes into the fucket bucket because it really doesn't work as its tested over a wide range of operating and economic conditions.
I am currently tangentially associated with development 5G technology. Some segment of the wireless data industry got idee fixed on a couple of concepts that seem implausible because they're wildly expensive. One is "software defined radios". Then if you have SDRs, you should "run them in data centers", which is a concept that is ubiquitous in the tech industry. Somehow corporations decided it's cheaper to spend millions renting computers rather than owning computers.
Anyway, the software defined radios sound good in theory, especially if you're developing a new system, however, they're pretty expensive and energy intensive compared to dedicated hardware. From a tech person's perspective, the software defined radio approach in ORAN is "cool", but it also looks like a real world fail, because it's probably too expensive. Most of the use cases I heard for it so far sound like bullshit scenarios.
The financial bubble/hype economy morphed into central planning through the course of the 2000s. The taxpayers of the US are cast in the role of "investors" in various tech boondoggles, like AI datacenters, however the taxpayer gets no returns on their "investment" and lots of funny money goes into private accounts of CEO tech bros and finance people.
As an individual working in the bubble/central planning tech project economy, I don't see a bright future for the tech industry. Central planning and potemkin villages can only hide reality not eliminate it. Spending time and life energy putting a coat of paint on a facade building is a painful experience. I have been surfing from one hype bubble to the next throughout my "career". I am at the tail end of that waste of time.
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