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AI Mania: From Tulips to Tokens

seanhelvey.com

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Re: AI Mania: From Tulips to Tokens

#11

Post by simonjgreen »

gcgbarbosa wrote: post #7
jiggawatts wrote: post #3

Earlier quoted context omitted.

Tulips, NFTs, and the Metaverse all revolved around exclusivity and collectibles. Art with no real utilitarian value. I pay OpenAI $100/mo, twice what I pay for my mobile phone service. It’s a useful service that I use every day. I have never even heard of anyone in my social circle expressing even a mild interest in tulips, NFTs, or the metaverse. This bubble has much more in common with the rail road boom and the 2…

How did metaverse revolved around exclusivity or collectibles?

the metaverse went from being about owning your identity and digital possessions to mostly being about buying jpegs. once collectibles and nft speculation became the headline, it was hard to explain why any of the underlying technology mattered. after that, most people just associated the whole thing with speculation rather than the original vision.

which is a shame, I still feel like VR is full of untapped potential

Re: AI Mania: From Tulips to Tokens

#12

Post by andy99 »

simonjgreen wrote: post #6
smokel wrote: post #4

This is a pretty confusing article. It seems to string together some loosely related facts to make the current AI boom look bad.

It is confusing. But I enjoyed the read, it’s refreshing to read a string of rants from a human rather than something perfectly polished by Opus.

I didn’t read it, primarily because of the tulip thing in the title which seems anything but a refreshing take.

Re: AI Mania: From Tulips to Tokens

#13

Post by simonjgreen »

blfr wrote: post #8

We created the content their systems are built on, yet they won’t even share how much energy each query uses, how much water goes to cooling "You read my blog so now show me your utility bill" is... an interesting argument.

“You ingested the vast majority of available human knowledge to build your product, and intend to change the entire world with it, and in fact are doing so incredibly rapidly at a rate that dodges scrutiny. Could we know more?” Would be the expanded version I guess

Re: AI Mania: From Tulips to Tokens

#15

Post by jayd16 »

blfr wrote: post #8

We created the content their systems are built on, yet they won’t even share how much energy each query uses, how much water goes to cooling "You read my blog so now show me your utility bill" is... an interesting argument.

Take advantage of open information, provide little yourself. Seems like a consistent enough line of questioning.

Re: AI Mania: From Tulips to Tokens

#16

Post by dgellow »

turtleyacht wrote: post #10

Aren't human skills the tulips? That's why we're recording all kinds of movements; tokens become generic execution currency.

No, AI tokens aren’t generic, they by definition cannot be used as a currency because they aren’t fungible. Generated tokens have completely different value depending on their meaning. You can spend 1M tokens doing nothing but wasting time and energy, then spend 100K tokens that bring a lot of value. It’s even weirder because we don’t have a way to know the ROI of tokens in advance

Re: AI Mania: From Tulips to Tokens

#19

Post by cyfex »

"GPU compute powering crypto for the last decade..."

I keep hearing this lately. Also, that GPU compute has been re-purposed from crypto to AI.

I had the impression that crypto was powered by ASICs for the last... many years. And that was why GPU mining (let alone CPU mining) was not profitable

Re: AI Mania: From Tulips to Tokens

#20

Post by jayd16 »

andy99 wrote: post #12
simonjgreen wrote: post #6

Earlier quoted context omitted.

It is confusing. But I enjoyed the read, it’s refreshing to read a string of rants from a human rather than something perfectly polished by Opus.

I didn’t read it, primarily because of the tulip thing in the title which seems anything but a refreshing take.

One sentence in, it mentions that the tulip reference is from a book on botany and perhaps not just a reference to Wallstreet and bubbles.
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