Explains why AI companies like Windsurf were hunting for buyers to hold the bag
Mark Zuckerberg freezes AI hiring amid bubble fears
311–320 of 936 posts
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#312Earlier quoted context omitted.
I have an overwhelming feeling that what we're trying to do here is "Netflix over DialUp." We're clearly seeing what AI will eventually be able to do, just like many VOD, smartphone and grocery delivery companies of the 90s did with the internet. The groundwork has been laid, and it's not too hard to see the shape of things to come. This tech, however, is still far too immature for a lot of use cases. There's enough…
>I have an overwhelming feeling that what we're trying to do here is "Netflix over DialUp." I totally agree with you... though the other day, I did think the same thing about the 8bit era of video games.
Speaking of Netflix -
I think the image, video, audio, world model, diffusion domains should be treated 100% separately from LLMs. They are not the same thing.
Image and video AI is nothing short of revolutionary. It's already having huge impact and it's disrupting every single business it touches.
I've spoken with hundreds of medium and large businesses about it. They're changing how they bill clients and budget projects. It's already here and real.
For example, a studio that does over ten million in revenue annually used to bill ~$300k for commercial spots. Pharmaceutical, P&G, etc. Or HBO title sequences. They're now bidding ~$50k and winning almost everything they bid on. They're taking ten times the workload.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#313It almost seems as though the record-setting bonuses they were dolling out to hire the top minds in AI might have been a little shortsighted. A couple of years ago, I asked a financial investment person about AI as a trick question. She did well by recommending investing in companies that invest in AI (like MS) but who had other profitable businesses (like Azure). I was waiting for her to put her foot in her mouth an…
I have an overwhelming feeling that what we're trying to do here is "Netflix over DialUp." We're clearly seeing what AI will eventually be able to do, just like many VOD, smartphone and grocery delivery companies of the 90s did with the internet. The groundwork has been laid, and it's not too hard to see the shape of things to come. This tech, however, is still far too immature for a lot of use cases. There's enough…
Some people even figured it out in the 80's. Sears founded and ran Prodigy, a large BBS and eventually ISP. They were trying to set themselves up to become Amazon. Not only that, Prodigy's thing (for a while) was using advertising revenue to lower subscription prices.
Your "Netflix over dialup" analogy is more accessible to this readership, but Sears+Prodigy is my favorite example of trying to make the future happen too early. There are countless others.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#314It almost seems as though the record-setting bonuses they were dolling out to hire the top minds in AI might have been a little shortsighted. A couple of years ago, I asked a financial investment person about AI as a trick question. She did well by recommending investing in companies that invest in AI (like MS) but who had other profitable businesses (like Azure). I was waiting for her to put her foot in her mouth an…
> record-setting bonuses they were dolling out to hire the top minds in AI
That was soooo 2 weeks ago.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#315Earlier quoted context omitted.
So wage suppression is good because it’s better for the _collective_?
Wage suppression? Its the opposite were talking about here. Pay large amounts of money to make sure people don't work on challenging problems. But sure you cant try and argue that's wage suppression.
This is the Gavin Belson strategy to starve Pied Piper of distributed computing experts; nobody get's to work on his Signature Edition Box 3!
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#316Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#317Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#318Earlier quoted context omitted.
Past a certain point, skill doesn't contribute to the magnitude of success and it becomes all luck. There are plenty of smart people on earth, but there can only be 1 founder of facebook.
I view success as the product of three factors, luck, skill and hard work. If any of these is 0, you fail, regardless of how high the other two are. Extraordinary success needs all three to be extremely high.
>luck, skill and hard work.
Another key component is knowing the right people or the network you're in. I've known a few people that lacked 2 of those 3 things and yet somehow succeeded. Simply because of the people they knew.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#319It almost seems as though the record-setting bonuses they were dolling out to hire the top minds in AI might have been a little shortsighted. A couple of years ago, I asked a financial investment person about AI as a trick question. She did well by recommending investing in companies that invest in AI (like MS) but who had other profitable businesses (like Azure). I was waiting for her to put her foot in her mouth an…
As someone using LLMs daily, it's always interesting to read something about AI being a bubble or just hype. I think you're going to miss the train, I am personally convinced this is the technology of our lifetime.
I'll say it again since I've said it a million times, it can be useful and a bubble. The logic of investors before the last market crash was something like "houses are useful, so no amount of hype around the housing market could be a bubble"
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#320Earlier quoted context omitted.
their core product IS 1 of 2 humans on earth. the product is used by advertisers to sell stuff to those humans.
So you're saying the ad revenue sort of allows them to "be their own bank?" Then they can bankroll their own new entrepreneurial ideas risk-free, essentially.
They are a publicly traded company, shareholders are their bank.