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Earlier quoted context omitted.
I hope it all burns. Zero sympathy whatsoever for AI-anything. It's all a heaping pile of trash.
You're hoping for a full on market crash? I don't mind AI hype companies crashing, would probably low key enjoy it with popcorn. But from what I understand, it's not that localised.
Dang. My kids are just getting the hang of using ChatGPT as a way to generate random quizzes and additional homework problems; to the point where both of them just automatically use the AI to "fill in the gaps" each evening. (Prior to AI, additional HW was met with less enthusiasm than you'd think!) I told my wife that the billionaire class spent the last few decades cheating the tax system (and, thus, the education…
Even if OpenAI folds, the open source stuff is good enough that someone will build a compelling tutor platform in their place. It probably already exists.
I think that the Economist posted some months ago a study that indicated that without datacenter capex booming the US economy would otherwise be flat.
At some point there will be major shakeups.
The current bubble is getting scary. When this thing pops the blast it’s going to be a real mess. The big tech firms will hurt, fire some execs in a show of “making changes,” do a bunch of layoffs across “AI” teams to show the market they’re pivoting and getting costs in order, and move on. The startups ecosystem will suffer extensive and catastrophic damage. The funding ecosystem will be set back years as this wipes…
Repositioning in what way?
The current bubble is getting scary. When this thing pops the blast it’s going to be a real mess. The big tech firms will hurt, fire some execs in a show of “making changes,” do a bunch of layoffs across “AI” teams to show the market they’re pivoting and getting costs in order, and move on. The startups ecosystem will suffer extensive and catastrophic damage. The funding ecosystem will be set back years as this wipes…
I don’t think this is likely. We’ve seen VCs overextend into social networks, “sharing economy”, B2BSAAS, machine learning, developer tools, video games and crypto, in the last 15 years, and they have very little to show for it. Something new will come along and they’ll invest in that.
Earlier quoted context omitted.
> I hope I’m wrong I kind of hope you're right. Any "hyped" industry/sector is bound to eventually needing to get back to reality, and focus on things that actually work, rather than spraying and praying prototypes and over-hyping them. The individuals and companies building real products that actually improve something will stick around, either as they are, or at least as ideas, and most of the interesting stuff ten…
> I kind of hope you're right. I couldn't care less if big tech gets knocked down a peg, but in many quarters the AI boom is what's keeping the lights on. A market correction of that magnitude would mean a lot of pain for a lot of normal people, it's not exactly something I'm cheering on...
The current bubble is getting scary. When this thing pops the blast it’s going to be a real mess. The big tech firms will hurt, fire some execs in a show of “making changes,” do a bunch of layoffs across “AI” teams to show the market they’re pivoting and getting costs in order, and move on. The startups ecosystem will suffer extensive and catastrophic damage. The funding ecosystem will be set back years as this wipes…
Hard to see this as a bad thing.
The thing is, the models do work. They add value to me each and every day, to a degree almost no other tech has done before. But that doesn't take away the fact that this is extremely expensive stuff (not for me, but for the companies pushing the envelope), far too expensive. And it is really taking its toll on other resources, like electricity.
If you call it "neural networks" or "large language models" or "machine learning", this would sound absurd. Only by calling it "AI" (with the implication that it will achieve general intelligence) does this sound, for most people, possibly correct.