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Mark Zuckerberg freezes AI hiring amid bubble fears

telegraph.co.uk

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Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#341

Post by jimlawruk »

criley2 wrote: post #46
jimlawruk wrote: post #34

Earlier quoted context omitted.

From the Big Short: Lawrence Fields: "Actually, no one can see a bubble. That's what makes it a bubble." Michael Burry: "That's dumb, Lawrence. There are always markers."

Ah Michael Burry, the man who has predicted 18 of our last 2 bubbles. Classic broken clock being right, and in a way, perfectly validates the "no one can see a bubble" claim! If Burry could actually see a bubble/crash, he wouldn't be wrong about them 95%+ of the time... (He actually missed the covid crash as well, which is pretty shocking considering his reputation and claims!) Ultimately, hindsight is 20/20 and unde…

This sets up the other quote from the movie: Michael Burry: “I may be early but I’m not wrong”. Investor guy: “It’s the same thing! It's the same thing, Mike!”

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#342

Post by mh- »

echelon wrote: post #312
skeezyboy wrote: post #296

Earlier quoted context omitted.

>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 pro…

It's quite incredible how fast the generative media stuff is moving.

The self-hostable models are improving rapidly. How capable and accessible WAN 2.2 (text+image to video; fully local if you have the VRAM) is feels unimaginable from last year when OpenAI released Sora (closed/hosted).

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#343

Post by UltraSane »

benterix wrote: post #290
torginus wrote: post #228

Earlier quoted context omitted.

It boggles the mind that this kind of management is what it takes to create one of the most valuable companies in the world (and becoming one of the world's richest in the process).

It's a cliche but people really underestimate and try to downplay the role of luck[0]. [0] https://www.scientificamerican.com/blog/beautiful-minds/the-...

Every billionaire could have died from childhood cancer.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#344

Post by Barrin92 »

MrMember wrote: post #137
UncleMeat wrote: post #81

Earlier quoted context omitted.

I think that meta is bad for the world and that zuck has made a lot of huge mistakes but calling him a one hit wonder doesn't sit right with me. Facebook made the transition to mobile faster than other competitors and successfully kept G+ from becoming competition. The instagram purchase felt insane at the time ($1b to share photos) but facebook was able to convert it into a moneymaking juggernaut in time for the fla…

I hate pretty much everything about Facebook but Zuckerberg has been wildly successful as CEO of a publicly traded company. The market clearly has confidence in his leadership ability, he effectively has had sole executive control of Facebook since it started and it's done very well for like 20 years now.

>has been wildly successful as CEO of a publicly traded company.

That has a lot to do with the fact that it's a business centric company. His acumen has been in user growth, monetization of ads, acquisitions and so on. He's very similar to Altman.

The problems start when you try to venture into hard technological topics, like the Metaverse fiasco, where you have to have a sober and engineering oriented understanding of the practical limits of technology, like Carmack who left Meta pretty frustrated. You can't just bullshit infinitely when the tech and not the sales matter.

Contrast it with Gates who had a serious programming background, he never promised even a fraction of the cringe worthy stuff you hear from some CEOs nowadays because he would have known it's nonsense. Or take Apple, infinitely more sane on the AI topic because it isn't just a "more users, more growth, stonks go up" company.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#345

Post by didibus »

echelon wrote: post #312
skeezyboy wrote: post #296

Earlier quoted context omitted.

>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 pro…

You're right, and I also think LLMs have an impact.

The issue is the way the market is investing they are looking for massive growth, in the multiples.

That growth can't really come from trading cost. It has to come from creating new demand for new things.

I think that's what not happened yet.

Are diffusion models increasing the demand for video and image content? Is it having customers spend more on shows, games, and so on? Is it going to lead to the creation of a whole new consumption medium ?

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#346

Post by TheOtherHobbes »

bilsbie wrote: post #271

I’ve never seen so much evidence for a bubble yet so much potential to be the biggest Thing ever. Just getting a lot of mixed signals right now. Not sure what to think.

It's, like, a vision thing. You know?

https://www.threads.com/@professor_neil/post/DNiVLYptCHL/im-...

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#347

Post by iLoveOncall »

JKCalhoun wrote: post #270
iLoveOncall wrote: post #142

Earlier quoted context omitted.

I'm still waiting for a single proof that there was any contract in the hundreds of millions that was signed.

The damage is already done though. If I worked for Meta and did not get millions, I think I would be pretty irate.

Which is definitely why Sam Altman started this rumor.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#348

Post by HDThoreaun »

OtherShrezzing wrote: post #307
mrits wrote: post #221

Earlier quoted context omitted.

I think we will see the opposite. If we made no progress with LLMs we'd still have huge advancements and growth opportunities enhancing the workflows and tuning them to domain specific tasks.

I don't see how this works, as the costs of running inference is so much higher than the revenues earned by the frontier labs. Anthropic and OpenAI don't continue to exist long-term in a world where GPT-5 and Claude 4.1 cost-quality models are SOTA.

With gpt5 I’m not sure this is true. Certainly openAI is still losing money but if they stopped research and just focused on productionizing inference use cases I think they’d be profitable.
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