During the “Gold Rush” era (Wild West 1800s), there were plenty of people descending onto California to try and make their fortunes by staking out land to mine and pan for gold.
However, the first millionaire wasn’t anyone who got lucky staking out a mine. It was the largest store owner in the area selling all these prospective miners their shovels to dig with.
The “AI industry” has a lot of parallels here, but everyone wants to be the store owner, and hardly anyone has a genuine need for their tools.
It’s quite wild. He’s also considered the first to publicize that there is a gold rush, much like these modern AI companies hype up their products to no end.
During the “Gold Rush” era (Wild West 1800s), there were plenty of people descending onto California to try and make their fortunes by staking out land to mine and pan for gold.
However, the first millionaire wasn’t anyone who got lucky staking out a mine. It was the largest store owner in the area selling all these prospective miners their shovels to dig with.
The “AI industry” has a lot of parallels here, but everyone wants to be the store owner, and hardly anyone has a genuine need for their tools.
Said first millionaire: https://en.wikipedia.org/wiki/Samuel_Brannan
It’s quite wild. He’s also considered the first to publicize that there is a gold rush, much like these modern AI companies hype up their products to no end.
“prospective”
You sly dog.