Technology Hype: We Are Seeing It Again

I actually believe Apple has done it again. Come late to a new market segment and figure out what is the best way to take a major chunk of this segment.

The main feature is the screen, or flexibility of them. So it is great for those that need to look at a lot of different screens at work. Instead of using alt+tab constantly, you just resize them as needed and put them next to each other and you just turn your head from left to right.

At night you expand it to a massive cinema size screen when you want to watch a movie.

Or think about the football World Cup where you could watch multiple games at the same time without switching or touching the remote.

Also very clever to make AR and not VR. This way you still are somewhat connected to your surroundings, which is great in a family setting or when using it for video conferencing at work.

To me this is the most flexible screen setup I’ve ever seen and Apple has thought long and hard about how it would be most convenient and acceptable to wear this device when you want to use a screen at work out at home.

The gesture control is a vital feature for ease of use.

Comments on the ipod, ipad, iphone were usually: it’s too expensive, it is not as powerful as the competition, it has less features etc.

I believe Apple is showing the industry again what they should’ve been doing all along

Summary:

In this video, the speaker delves into the concept of technology hype, discussing various advancements in technology such as Apple’s foray into the metaverse, the recovery of Meta stock, and the upcoming ChatGPT 10. He highlights the steadiness of technological advancements in different sectors and the cyclical nature of societal impacts every 20 years. The speaker warns against buying into hype cycles, especially in areas like AI, blockchain, cryptocurrency, and VR, emphasizing the importance of understanding the slow progression and adoption curves of new technologies. He cautions viewers to be wary of inflated expectations and gives examples from the EV and mobile phone industries to illustrate the challenges of technological evolution. The speaker also comments on Apple's potential future impact with AR and VR products, projecting a significant impact around 2025-2027 but noting that full immersion experiences like the metaverse are still far off.

Detailed Article:

The speaker starts by discussing the current wave of technology hype surrounding advancements like Apple’s venture into the metaverse, the recovery of Meta stock, and the impending release of ChatGPT 10. Despite his light-hearted tone, he underscores the necessity of understanding the progress of technology and its backdrop. He mentions the steady advancements in technology, citing figures like Ray Kurzweil and the consistent progress in manufacturing, storage, and resolution, while also noting the associated trend of decreasing costs per computing power, kilowatt-hour, and pixel.

Moving on, the speaker analyzes technological cycles from a societal perspective, highlighting their cyclical nature every 20 years. He delves into historical periods like the 1960s without significant technological advancements and the highly advanced technological period in the 1940s and 50s. Furthermore, he touches on recent eras like the 1980s and 90s, emphasizing the impact of technologies like the VCR and copy machine compared to social media or the internet.

The speaker warns against falling for technology hype, particularly in areas such as AI, blockchain, cryptocurrency, VR, and AR. He emphasizes that while these technologies will impact society, they will progress slowly, with an initial focus on early users, trailblazers, and expensive, clunky systems. He cautions against inflated expectations and contrasts the evolution of technologies like EVs with the originally projected timelines, illustrating the challenges companies face in achieving parity with established technologies like internal combustion engines.

Bringing the discussion to Apple’s potential impact with AR and VR technologies, the speaker predicts a substantial market presence around 2025-2027, potentially paving the way for improved, more affordable iterations in subsequent years. He stresses that despite advancements, achieving fully immersive experiences akin to the metaverse will take decades. The speaker urges viewers not to buy into tech hype, citing examples from past industries like mobile phones to demonstrate the complexities and challenges of technological evolution.

In conclusion, the speaker advises caution and patience in navigating the rapidly evolving tech landscape, urging viewers to temper expectations and understand the slow progression and adoption of new technologies. He encourages a critical approach toward emerging technologies and emphasizes the importance of understanding the complexities and challenges involved in technological advancement.

Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.