It 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…
Mark Zuckerberg freezes AI hiring amid bubble fears
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Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#632These changes in direction (spending billions, freezing hiring) over just a few months show that these people are as clueless as to what's going to happen with AI, as everyone else. They just have the billions and therefore dictate where money goes, but that's it.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#633I really do wonder if any of those rock star $100m++ hires managed to get a 9-figure sign-on bonus, or if the majority have year(s) long performance clauses. Imagine being paid generational wealth, and then the house of cards comes crashing down a couple of months later.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#634Earlier 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…
Or maybe not. Scaling AI will require an exponential increase in compute and processing power, and even the current LLM models take up a lot of resources. We are already at the limit of how small we can scale chips and Moore’s law is already dead. So newer chips will not be exponentially better but will be more of incremental improvements, so unless the price of electricity comes down exponentially we might never see…
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#635Scaling AI will require an exponential increase in compute and processing power, and even the current LLM models take up a lot of resources. We are already at the limit of how small we can scale chips and Moore’s law is already dead. So newer chips will not be exponentially better but will be more of incremental improvements, so unless the price of electricity comes down exponentially we might never see AGI at a pric…
We are either limited by compute, available training data, or algorithms. You seem to believe we are limited by compute. I've seen other people argue that we are limited by training data. It is my totally inexpert belief that we are substantially limited by algorithms at this point.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#636I really do wonder if any of those rock star $100m++ hires managed to get a 9-figure sign-on bonus, or if the majority have year(s) long performance clauses. Imagine being paid generational wealth, and then the house of cards comes crashing down a couple of months later.
Its all in RSUs Supposedly, all people that join meta are on the same contract. They also supposedly all have the same RSU vesting schedules as well. That means that these "rockstars" will get a big sign on bonus (but its payable back inside 12 months if they leave) then ~$2m every 3 months in shares
If you still think they are, do you have any proof? any sources? All of these media articles have zero sources and zero proof. They just ran with it because they heard Sam Altman talk about it and it generates clicks.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#637Didn't Meta invest big into the Metaverse, then back track on that, was it $20 billion. I'd like for these investments to pay off, they're bold but it highlights how deep the pockets are to be able to invest so much.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#638Earlier quoted context omitted.
I've heard of high 7-figure salaries but no 9 figure salaries. Source for this?
"Why Andrew Tulloch Turned Down a $1.5 Billion Offer From Mark Zuckerberg" - https://techiegamers.com/andrew-tulloch-rejects-zuckerberg/
aka, made up. They can make up anything by saying that. There are numerous false articles published by WSJ about Tesla also. I would take what they say here with a grain of salt. Zuck himself said the numbers in the media were widely exaggerated and he wasn't offering these crazy packages as reported.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#639I’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.
Without the internet there is no AI.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#640Earlier 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.
It's a logical fallacy that just because some technology experienced some period of exponential growth, all technology will always experience constant exponential growth. There are plenty of counter-examples to the scaling of computers that occurred from the 1970s-2010s. We thought that humans would be traveling the stars, or at least the solar system, after the space race of the 1960s, but we ended up stuck orbiting…