That definitely happened with Uber, but I would argue that one key difference between the Uber situation and the AI situation is COST. How much can COGs be reduced via optimization and technology.

In Uber scenario, the cost is labor, there's a hard lower limit where people will find something else to do for work.

In AI scenario, we've already seen the labs make major reductions in cost-per-token. I think it's fairly uncontroversial to say they have more possible cost reduction levers than Uber.

So I don't agree that at some point VC money will run dry and the unit economics for tokens will dramatically change.

Brings back amazing memories from when I was in high school. A friend invited me to come to the museum for some drawing thing, turned out I got to participate in making a Sol Lewitt drawing. Had no idea who he was at the time but it was such a unique experience.

We were in an empty gallery room with a (I believe) BLACK painted wall with a faint grid on it and we were given an old hat with a bunch of cards in it. There were 4 or 5 highschool kids and we each took turns drawing a card out of the hat and drawing the shape from the card on consecutive grid squares on the wall. The shapes were basic lines and semi-circles. It was lots of fun and the end effect was a very beautiful line drawing mural.

Today, I loaded the site up and spend about 30 seconds on it before deciding "this is cool!" and moving on, probably never to return.

What changed? I guess it's a mix of: (A) How I value my time. (B) The bar for "what pulls me in" in terms of gaming. (C) Some other factor around me just having already burned enough hours on games.

I'm not really sure how much each factor contributes.

[0] https://en.wikipedia.org/wiki/Chex_Quest