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Today’s AI: We’ve seen this all before, and wil...

Today’s AI: We’ve seen this all before, and will again

Keynote presentation for Techpoint’s AI Summit for their XTern program. Delivered June 26, 2026

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Chris Vannoy

June 26, 2026

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Transcript

  1. XTern AI Day Keynote Narrative Arc What AI is What

    AI is not How we got here Where AI is today The opportunity before you
  2. Raw computing and prior art At its core is a

    probability machine. It’s an old idea that computers got fast enough to make acceptable. This technique is highly dependent on training data, meaning topics, languages, and fields with lots of available data and prior art work well. As do highly-structured and typed domains and languages. Now, mix these machines with layers and layers of good old fashioned code.
  3. XTern AI Day Keynote AI is not magic Sufficiently advanced

    technology? Sure. Magic? no. It’s not Artificial General Intelligence (AGI), and the current approach likely won’t get us there It’s also not purely hype It’s not immune from market forces
  4. XTern AI Day Keynote Tech Epochs of the last 40

    years Where we’ve been before Personal Computing The Internet A computer in every home. Entire new jobs created to work on computers instead of paper. Killer app: The Spreadsheet A network of computers that could talk to one another. And entirely new media ecosystem and economy. Killer app: HTML and the hyperlink Mobile Always on, and always connected society. Computing power in your pocket, and an entirely new app economy. Killer app: App stores
  5. XTern AI Day Keynote The Lifecycle of previous epochs Boom:

    Money flows into the system. Experiments everywhere. Exuberance. Bust: Money comes due. Stuff gets real. Winner and losers are decided. Absorption: Technology enters the mainstream and gets integrated into society at a background level. A theory: AI is likely in the same cycle
  6. It’s still the early days Money is still heating the

    system. But, it’s increasing circular - with the same money flowing from invested party to other invested party Effectiveness of current tools reaching diminishing returns Business models feeling the strain as bills start to come due and investors want returns
  7. XT ern AI Day Keynote Nobody knows where this is

    going Even me. NOBODY. And if they say they do, follow the money
  8. The gathering place for Indiana’s nerds on keyboards. Join us.

    Free Slack community Free job board Annual Holiday Social Career-focused events indyhackers.org