AI - The Stock Market Hype and the Dangers of Sloppy Code

At this time, AI is still a business that largely survives on valuation rather than profitability. The narrative surrounding artificial intelligence is driven as much — if not more — by financial speculation as by technological progress. This makes the twin narrative of an “AI infrastructure boom” essential. Ed Zitron has become well known for challenging this story. In reality, such an infrastructure boom is difficult to sustain when the underlying economics remain deeply unprofitable. Now, let us take a moment to reflect on the danger of relying — for our businesses, and worse, for our civilization — on a bubble that could burst at any moment, much like the dot-com bubble. Entire industries are restructuring themselves around assumptions that may ultimately prove irrational, even disastrous. The illusion and danger of replacing engineers There is a dangerous idea circulating in the world, born from the union of greed and ignorance: that software engineers have become obsolete. We no longer need them! Of course, someone who does not know how to write code cannot evaluate code quality. For such a person, any piece of code that works is just as good as any other piece of code that also works. They may see a functional demo and hastily conclude that AI can entirely replace software developers. An _experienced _engineer sees something different: brittle architecture, code with absurd or duplicated logic, security flaws, poor maintainability, and code that often collapses under real-world complexity. To the untrained eye, AI-generated code frequently looks convincing, while it may host invisible vectors of disaster. Hallucinations in software development are not harmless mistakes; they can become production bugs, security vulnerabilities, and eventually catastrophic business failures. The problem is not that AI writes code. The problem is that we seem to be heading toward an era in which we no longer fully understand the code powering our civilization. And because of th