31–40 of 42 posts
Other sectors that people today find is boring will have an upswing.
The biggest risk for any startup is they depend on the core model developers, who are wisening up and designing their own tools to undercut those who just call their API's.
I think it’s similar in that… - Everyone knew the Internet (and now AI) was going to be transformational. - It was clear it would reshape economies and open up entirely new possibilities. - But no one really knew what the killer use case would be, or how big any given Internet (now AI) business might get. So, like a gold rush, huge amounts of money poured in, and everyone hoped their idea would turn into the next mas…
But Amazon, Google, Tesla and to a lesser extent Microsoft are all creating their own chips to lessen their dependence on Nvidia
Personally, I don't believe they are the same. I view AI as the next natural update to worker productivity like PC and windows. It's like the old days where people put MS Office on their resume as a skill, prompt engineering or whatever AI is gonna be exactly like that.
Year on year people will be disappointed that AI isn't consistently improving and that it will eventually plateau, and other things will be hyped up excessively.
I can imagine quantum being the next big craze but at the same time, I doubt that can even get to consumer considering it needs near 0 kelvin temperatures.
But who knows
People were cautious after dot com. Then they got greedy with FAANG. Even greedier with crypto. Crypto proved that markets didn't really matter.
AI actually has some basis, but some of it is being measured to crypto standards. Not to mention it was already overinvested 10 years ago when everyone was calling it "machine learning", and yet the numbers kept going up.
Sometimes prices are just high though. Bubbles happen when someone is trying to sell it to another sucker, who's trying to sell it to another sucker. We don't see a lot of "sucker" language going around with AI yet. When it happens, people will advertise it as a great investment, like they did with NFT and real estate near the bubbles.
Earlier quoted context omitted.
No, it is not the same at all. I worked at a small investment firm in college during the time and I remember the portfolio manager doing the portfolio allocation for a retirement plan. Randomly picking Janus mutual funds in the hall right before he went to lunch. I remember the secretary complaining in December 1999 how she knew a secretary at another firm that got rich from an IPO. There has just never been a level…
I do miss it somewhat. At the time, a selected number of us on my product team were given retention bonuses because the company didn't want us being poached for internet jobs. I'm not complaining, because it was free money but anyone wanting to poach us away would probably have just offered more. OTOH, I remember being in SF in spring 2001 for Embedded Systems Conference and overhearing a couple of Web developers on…
So I guess the hype was worse back them because I don't think anyone is getting them now haha.
Earlier quoted context omitted.
I do miss it somewhat. At the time, a selected number of us on my product team were given retention bonuses because the company didn't want us being poached for internet jobs. I'm not complaining, because it was free money but anyone wanting to poach us away would probably have just offered more. OTOH, I remember being in SF in spring 2001 for Embedded Systems Conference and overhearing a couple of Web developers on…
This is the first time I ever hear of temporary "retention bonuses" in big Cos to avoid poaching. So I guess the hype was worse back them because I don't think anyone is getting them now haha.
Earlier quoted context omitted.
No, it is not the same at all. I worked at a small investment firm in college during the time and I remember the portfolio manager doing the portfolio allocation for a retirement plan. Randomly picking Janus mutual funds in the hall right before he went to lunch. I remember the secretary complaining in December 1999 how she knew a secretary at another firm that got rich from an IPO. There has just never been a level…
I do miss it somewhat. At the time, a selected number of us on my product team were given retention bonuses because the company didn't want us being poached for internet jobs. I'm not complaining, because it was free money but anyone wanting to poach us away would probably have just offered more. OTOH, I remember being in SF in spring 2001 for Embedded Systems Conference and overhearing a couple of Web developers on…