You listed a number of things that have been super hyped flashes in the pan that never really panned out (or in the case of self driving cars, have taken way longer to pan out than people expected), but you didn't list the things that were super hyped and then became big successful sectors.
I remember when I thought "web 2.0" was overhyped, but now it's just the water we all swim in. I remember when that went from blogs to being social media, and I thought that was way overhyped too, but it turns out it was a big deal. The cloud was overhyped, "big data" was overhyped, SaaS was overhyped.
And it's true that all of these were overhyped! But they also turned into real business sectors.
It's certainly difficult to predict which hype-y things are going to mature into sustainably large markets, and which are going to fade into obscurity, but a model of "things that are hyped are doomed" is not predictive.
My own prediction is that AI tools are both overhyped and also very promising. I have no illusions that this prediction could be totally wrong. And even if it's right, I'm even more uncertain what the successful business models are going to be after the dust settles. We'll see!
Perhaps this is where we differ. I offered a list of things that, granted IMO, were all hype with little substance. Or perhaps just on a timeline so long that many people got the hype timing wrong.
Your list was mostly things that were obvious winners. They were mostly building steam with real world use cases and trending hard before the buzzwords got associated with the movements (eg. Web 2.0 and saas). These were obvious enhancements to the status quo. I’m not sure they were overhyped as they did very much become the defacto standard for their time. It doesn’t mean they will hold that title for ever, but tremendous economic value falls under those umbrellas. I’d argue intrinsic value too (unlike crypto).
AI/LLM might do that in some regards. But doing it in a way that makes lasting business sense is still tbd. AI eating the world, still very much tbd. So I do think we agree on this point.
s/optimist/gullible
