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While it was sorta legal (at the time) it was not ethical and led to a massive collapse of the #1 company at the time.
Makes you wonder if AI is in such a bubble. (It is).
Hank green did a vlog on this a few weeks ago and it’s a great explainer.
This comment is pretty depressing but it seems to be the path we're headed to:
> It's bad enough that people think fake videos are real, but they also now think real videos are fake. My channel is all wildlife that I filmed myself in my own yard, and I've had people leaving comments that it's AI, because the lighting is too pretty or the bird is too cute. The real world is pretty and cute all the time, guys! That's why I'm filming it!
Combine this with selecting only what you want to believe in and you can say that video/image that goes against your "facts" is "fake AI". We already have some people in pretty powerful positions doing this to manipulate their bases.
I honestly don’t get it. People love being swindled? Or people have enough cash to throw into the swindling machine even for no gain? Must be nice.
You can do a lot of money in swindles and bubbles if you time your exit well. There is a fair bit of opportunistic investors who did well in the NFT craze, who speculated knowing fully well that NFT is a craze that will go to zero.
I’ve been listening to “The Smartest Guys In The Room” (the definitive book on Enron and their scandal) and one of the ways Enron continued to grow and grow is by setting up a really complicated system of moving debt onto equities off of their balance sheet. While it was sorta legal (at the time) it was not ethical and led to a massive collapse of the #1 company at the time. Makes you wonder if AI is in such a bubble…
Isn't paying a company to dig a hole who then pays you the same amount to fill said hole illegal?
Isn't paying a company to dig a hole who then pays you the same amount to fill said hole illegal?
These kinds of deals were very much a la mode just prior to the .com crash. Companies would buy advertising, then the websites and ad agencies would buy their services and they'd spend it again on advertising. The end result is immense revenues without profits.