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Ol Janx Spirit

(1,074 posts)
36. Thomas Edison new well the potential of new technology even in the face of its opposition.
Thu May 14, 2026, 04:11 PM
Thursday

In an interview with the New York World published on November 17, 1895, on the topic of automobiles he said, "it is only a question of a short time when the carriages and trucks of every large city will be run by motors. The expense of keeping and feeding horses in a great city like New York is very heavy, and all this will be done away with. You must remember that every invention of this kind which is made adds to the general wealth by introducing a new system of greater economy of force. A great invention which facilitates commerce, enriches a country just as much as the discovery of vast hoards of gold.”
https://www.saturdayeveningpost.com/2017/01/get-horse-americas-skepticism-toward-first-automobiles/

At the time most banks did not lend money to either consumers or manufacturers of automobiles because they were seen as luxury items rather than a productive part of commerce.

It would only take around 35 years from that point for the car to replace the horse.

Today, over 100 million Americans currently hold active auto loans.

It took just 66 years to go from the Wright Brothers' first 12-second powered flight in 1903 to Neil Armstrong walking on the Moon in 1969 despite the prediction just sixty-nine days earlier that it would take "one million to ten million years for humanity to develop an operating flying machine."
https://en.wikipedia.org/wiki/Flying_Machines_Which_Do_Not_Fly

The term "artificial intelligence" was officially coined and established as a discipline in 1956, so this is actually not as nascent a technology as many would actually believe.

What we see today is probably the equivalent of the Ford Model A 5-window Coupe.

In five years it will very likely be far beyond the equivalent of the 2026 Mustang GTD.

Minimize AI at your own peril.

Recommendations

2 members have recommended this reply (displayed in chronological order):

There is unquestionably a bubble in the sector... Moostache Thursday #1
Yup. MineralMan Thursday #2
Yeah, try calling the IRS... bobalew Thursday #60
It Also Seems To Presume... ProfessorGAC Thursday #4
This is the most nefarious part Diraven Thursday #40
Dot.com bubble on steroids North Coast Lawyer 20 hrs ago #91
Everybody I know is somewhat skeptical/uncomfortable engaging with it.... Ars Longa Thursday #3
A very expensive, society-wrecking solution looking for a problem. Midnight Writer Thursday #5
Their only path to profitability is evil Diraven Thursday #47
I happen to love that statement. OldBaldy1701E Yesterday #64
Terrific way to put it! calimary 19 hrs ago #92
Good advice. As an IT person, I trust you far more than many others sprouting this nonsense about AI etc. It SWBTATTReg Thursday #6
Drive thru fast food places like Rally's have AI taking orders.............. Lovie777 Thursday #7
"Hello. Will you be using your McDonald's ;membership today?" 3Hotdogs Thursday #10
TY TY TY Katcat Thursday #20
No. The Madcap Thursday #26
It is fast. It used to be cheap. Swede Yesterday #66
I think it's more fundamental than that sab390 Thursday #8
No doubt. I don't know what happens. MineralMan Thursday #14
Agree, AI is a tool, not a solution. IzzaNuDay Thursday #9
Disagree. yowzayowzayowza Thursday #11
Thanks. I understand the technology, MineralMan Thursday #17
The dot com bubble didnt kill the internet any more than this one will kill AI. yowzayowzayowza Thursday #18
It didn't kill, but it screwed up the economy big time for a while. MineralMan Thursday #23
It's a relatively new technology oldmanlynn 21 hrs ago #84
I so hope you are right! ShazzieB Thursday #12
I agree with you, but I do it coming from a different angle. slightlv Thursday #22
I hate AI PCB66 Thursday #13
'that we will all benefit from'?? notinkansas Thursday #19
I think all the issues you quoted PCB66 Thursday #49
No. The world population is not the focus here. notinkansas Thursday #56
I think humans are learning faster than AI: for example, many of us can now recognize AI fake pics /videos very quickly. C Moon Thursday #15
Man, I hope your right. My techi relative thinks it's gonna take over the world Joinfortmill Thursday #16
Well, you have to admit they are trying, for sure. ananda Thursday #37
Most bubbles burst... that's all. MiHale Thursday #21
Ed Zitron's done some of the best writing on this flawed, heavily subsidized tech and the bubble it's created. highplainsdem Thursday #24
The way I see it, AI's most prominent role infullview Thursday #25
My son in college just shrugs and says it's a tool - TBF Thursday #27
I think you may overestimate what businesses really think about CSAT Bristlecone Thursday #28
It will bankrupt the entire country bucolic_frolic Thursday #29
It will kill a few hundred people before that and have bobalew Thursday #54
I watched a couple of videos today Racygrandma Thursday #30
Yes, saw that on FB... buzzycrumbhunger Thursday #48
No worries about noise. When data centers gobble up all the water and farmers can't irrigate fields Attilatheblond Thursday #50
I am in KS we are in a drought Racygrandma Thursday #59
I am in southern part of AZ. And idiot county officials STILL promote data centers Attilatheblond Thursday #61
Used to live in 'wheat country' in Montana. Drought there too. Attilatheblond Thursday #62
And in the meantime, deafness has its advantages! Sweet Rosie Red Yesterday #68
You could read the same analysis as this post SCantiGOP Thursday #31
I also think that AI will end up being a bust LetMyPeopleVote Thursday #32
I agree with you on that..................... Lovie777 Thursday #34
That's on them for trying to take shortcuts without due diligence MichMan 23 hrs ago #76
If you are in the market at all, perhaps consider XMAG ETF pat_k Thursday #33
As I have said elsewhere this looks exactly like the excessive speculation I saw when the internet was ramping up Ford_Prefect Thursday #35
Exactly. MineralMan Thursday #53
Thomas Edison new well the potential of new technology even in the face of its opposition. Ol Janx Spirit Thursday #36
This message was self-deleted by its author Prairie_Seagull Thursday #38
Nope NoRethugFriends Thursday #39
Good analysis and explanation. MineralMan Thursday #42
Thank you. NoRethugFriends Thursday #58
Perhaps some people do not use AI effectively ThreeNoSeep Thursday #41
Most people don't use it at all. MineralMan Thursday #45
Correction ThreeNoSeep Thursday #51
When people say they do not use AI are wrong. What they mean is that they are being "used" by AI. efhmc 22 hrs ago #81
We fear what we don't understand RoseTrellis Thursday #43
LOL! MineralMan Thursday #44
If your 401K has a stock component, you're likely exposed to AI stocks nitpicked Thursday #46
I think that the real commercial purpose of AI Klarkashton Thursday #52
I've posted a link to this analysis before .... eppur_se_muova Thursday #55
Totally agree that baloon is about to pop CanonRay Thursday #57
Is AI going away? lonely bird Yesterday #63
"Let Grandma Die for the DOW" Ruby the Liberal Yesterday #65
I agree! Sweet Rosie Red Yesterday #67
Like most DU predictions, this one should be taken with a grain of salt. onenote Yesterday #69
OK. That should go without sayiing. MineralMan Yesterday #71
Very bad advice to advocate against the AI trade in the stock market flamingdem 21 hrs ago #87
I think you're 100% correct. Greybnk48 Yesterday #70
Wishful ludditic thinking Sympthsical Yesterday #72
LOL! MineralMan Yesterday #73
I did get a chuckle Sympthsical Yesterday #74
Agree Yo_Mama_Been_Loggin 23 hrs ago #75
100% Blue Full Moon 23 hrs ago #77
AI failure in customer service is a feature, not a bug. Bobstandard 23 hrs ago #78
Kevin O'Leary is involved in a number of the proposed large data centres Bev54 23 hrs ago #79
There will always be bad actors who will use AI louis-t 23 hrs ago #80
The Gartner Hype Cycle is undefeated. usonian 22 hrs ago #82
Article from a British tech magazine that you should see: highplainsdem 22 hrs ago #83
Paul Krugman and many others have made the same prediction. Martin68 21 hrs ago #85
Sorry, don't agree flamingdem 21 hrs ago #86
I thnk you are right, esp since it wasn't a real "hit" to start with. In some apps, it might be good, but not for human Exp 21 hrs ago #88
That's with the models they've released publicly. Jedi Guy 21 hrs ago #89
We can only hope. And I hope you are right on this MM! KPN 20 hrs ago #90
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