Remember When Nanotech Was the Next Big Thing?

Tell me if anyone seems to be familiar.

In the early 2000s, after the fall of.com bubble, a new technology was prepared to change the pockets of humanity and line innovators. The capitalists of the initiative have invested billions of technology. “This field will provide the largest and most important progress of the current century. This will happen to the real economic change, “VC Farm Lux Capital John Wolf said.

Technology, VC’s finances and companies say, the way we all lived and worked will change. It will improve humanity. Multiple US Presidents got on the hype train and created agencies and initiatives to support technology and its development. Conferences were popped up across the planet named after technology, whose goal is to encourage it and discuss the ethics around it.

This is how people talked about nano technology. “In DFJ, we believe that nanotech is the next great technology wave, the next stage of Moore’s law and the Nexus of scientific innovation that revolutionize most industries and indirectly affects the fabric of society. Histor Tihasiks will look back in the coming era with lower portents than the industrial revolution, “Steve Zurvetson, managing director of the then VC Farm Drager Fisher Zurvetson Says in the middle of the 2000sThe

People now sound a lot of how people talk about AI.

I thought of Nano Technology yesterday that the stock market broke after this release that an AI agency in China has set up a competitor at ChatGPT. Fraction of the expenseThe The week was not over, but NVEDIA – which GPUs made critically for the development of AI systems – chronic Worth $ 600 billionThe This is the single largest loss in the history of the market.

In the sixties, when the Internet debuted as a major market power, Wall Street rushed to enter the move. Any company, including “dot com” or “e” in the name, will invest a few million dollars. Pet.com Mania has drawn the country. Its mascot, from somewhere, was apparently published, it was part of Massi’s Thanksgiving Day parade. It was over by 2000. People realized that many of these websites do not make money, or do much, and Potis.com has lost millions of investors.

However, all the VC Capital and Hype had to go anywhere. For a while, it went to Nano Technology. Scientists had been moving away from doing staff with very small materials for decades, but no one paid much attention. After the dot-com crash, Nano Technology turned into a rumor and billions of dollars flowed.

Before “Nano”, marketing like “Dot-Com” has become a hype word, such as “AI” will be in the future. As the researchers were delighted as The money flowedThe Investors have promised that nano technology will introduce a lot of new golden age. Nayesier played the alarm of the nanotech robots of self-replacement that would eat all the biometers on the planet and Render it to Gray GaveThe Jurassic Park writer Michael Cricitton, even It wrote a book aboutThe

President Bill Clinton gave a Nano technology lecture Caltech-A in 2000. He founded the National Nano Technology Initiative, which is an ambitious 20 -year project to keep the technology. President George W. Bush Signed Nano Technology Research and Development Act in 2003. It has given more federal cash for technology research.

The promised “revolution” was not revealed and the VC hype died. Market adjustment. Nano technology Did not go anywhereThe The progress of making staff with very small molecules is always happening and enhances our lives wildly. Nano Technology is used today Semiconductor, The production of foodAnd MedicineThe The level of VC hype is different.

Artificial intelligence is in the same place as nano technology in the early 2000s, but numbers are very different. Nanotech has several thousand AI startups compared to 1,200. Nanotech has received billions of billions in VC funding, AI has received several hundred billion. Nano Technology was popular and changed the world but it did not change the economy around the illness Nuclear power marketThe

What is happening in the stock market this week is strange. I wouldn’t call it a bubble, but this is a vibe shift. An upstart Chinese company has reduced the most popular chatbot in the world at the top of Apple’s App Store. In a general market that AIS should not be sent to the hardware company’s share responsible for both tumbling training. It is a sign that AI is promising the moon, like Nano technology before.

However, like Nano technology before, I think AI is here to stay. Both were not new when they captured the market. AI produces a lot of awful opal, but it can also be used for good. We use SPELLCEC every day without thinking as an AI system. However, the original spelling check is a product of Stanford Artificial Intelligence Labo. It was published in 1971.

All we have to do is beware of false prophets. It is not difficult to do. They are not very creative and from Nano Technology to AI they use a lot of the same language. I think back to the short speech of Zurvetson quoted at the beginning of this article and look at the writing of Sam Altman, CEO of OpenAI.

Ultman once wrote a long blog to him ”Moore Act is for all thingsThe “The banner at the top was the sea of ​​dollar bills. Before that he said that AI would enter the new stage of AI Moore’s law. Before him, he also promised that the AI ​​industrial revolution was part of the new level of humanity in the revolution. As before him he was like Zurveston. It’s not a future dream that he is giving it to hell.