Paul Kedroski
speaker
68 appearances
1 recordings
1 series
first heard Oct 2025
last heard 28 Oct
Paul Kedroski’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.
Appearances
But at the same time, that gave rise to this proliferation of utility companies,
Ventures that were doing all kinds of questionable things in terms of overspending.
And in part, you could argue that electrification and the frenzy around it gave rise to the stock market rise of the 20s, which led to the crash of 29 and helped precipitate the Great Depression.
Oh, of course.
But I'm just saying, people are pretty familiar with the telecom and dot-com bubbles.
But the closest historical analogy to what's happening now is genuinely is railroads and electrification.
And that it's 100 years ago is in part why people's memories are so dimmed of it.
And instead, they babble about, oh, you know, fiber optic cables during the dot-com bubble.
Well, that all worked out.
These are all the wrong...
references.
The right references to what's going on today, both in terms of scale and scope, was the railroads and electrification.
There's likely only to be one winner.
In the same way that we don't need to have two sets of tracks to Philadelphia, we probably don't need the same number of companies delivering what are called these large language models, these AI models that people are using.
These will naturally
We're only going to have a few major providers because it's very hard to differentiate.
Even if you try them today, I defy you to tell the difference between getting an answer from OpenAI, Microsoft, or Claude, Anthropic.
They all more or less are already beginning to feel like the same thing.
All of them leave behind scar tissue, do immense damage.
It's just a question of the kind of how big the bubble is and where the damage goes, because it's almost the story of bubbles in 200 years of the in modern finance is that there's no such thing as a bubble that doesn't cause damage.
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