Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

cnbc.com

Post reply on HN
Print view View original

571–580 of 668 posts

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#571

Post by gloosx »

rafaelero wrote: post #548
gloosx wrote: post #517

Earlier quoted context omitted.

I don’t want to spoil anything for you, but ethanol is actually a very reactive molecule — and in some ways, it acts similarly to opioids like heroin. It, among other things, stimulates endogenous opioid pathways, leading to the release of β-endorphins and activation of mu-opioid receptors. So, alcohol works indirectly, heroin directly – but both enhance opioid signalling. If you’re curious, this study explains it re…

Food can also indirectly enhance opioid signaling. What's your point?

Food activates it within normal biological limits, alcohol and heroin artificially push the same system far beyond normal range, forcing the brain to compensate by downregulating receptors or reducing endogenous opioid production, so it's totally legit to compare alcohol to heroin

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#573

Post by bigbadfeline »

AfterHIA wrote: post #566
bigbadfeline wrote: post #564

Earlier quoted context omitted.

> [At dotcom time] There was a bubble, many non-viable companies got funded and died, and nevertheless the internet did eventually change everything. It did, but not for the better. Quality of life and standard of living both declined while income inequality skyrocketed and that period of time is now known as The Great Divergence. > He's (unsurprisingly) making an analogy to the dotcom bubble, which seems to me corre…

Thank you for acknowledging this. The internet was created around a lot of lofty idealism and none of that has been realized other than opening up the world's information to a great many. It made society and the global economy worse (occidental west; Chinese middle class might disagree) and has paralleled the destabilization of geopolitics. I am not luddite but until we can, "get our moral shit together" new technolo…

Glad to be in agreement. The higher message here is that technology is no substitute for politics, cue crypto-hype which produced little more than crime and money-laundering. Without proper policies, corruption invades every strata of society.

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#574

Post by walleeee »

madaxe_again wrote: post #539
Archonical wrote: post #458

Earlier quoted context omitted.

My experience has gone the other way than OOP: Anecdotally, I have had VCs ask me to review AI companies to tell them what they do so they can invest. The VC said VCs don't really understand what they're investing in and just want to get in on anything AI due to FOMO. The company I reviewed didn't seem like a great investment, but I don't even think that matters right now.

In my experience they invariably conflate LLMs with AI and can’t/won’t have the difference explained. This is the blind spot that will cause many to lose their shirts, and is also why people are wrong about AI being a bubble. LLMs are a bubble within an overall healthy growth market.

LLMs are a bubble on the back of an AI bubble in a market finally surmounting an enormous single-shot energy surfeit

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#575

Post by asadotzler »

gsky wrote: post #320

Yesterday, I asked an LLM to create a browser plugin and it got 98% correct in its first try.

Yesterday someone's uncle tried the same thing and now his bank account's drained because the 2% that wasn't working was the 2% that prevented his password store from being posted online.

See how that works? A few nerds think it's great while everyone else gets screwed by it.

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#576

Post by NathanaelRea »

zerosizedweasle wrote: post #36
blast wrote: post #29

He's (unsurprisingly) making an analogy to the dotcom bubble, which seems to me correct. There was a bubble, many non-viable companies got funded and died, and nevertheless the internet did eventually change everything.

The biggest problem is the infrastructure left behind from the Dotcom boom that laid the path for the current world (the high speed fiber) doesn't translate to computer chips. Are you still using intel chips from 1998? And the chips are such a huge cost, and being backed by debt but they depreciate in value exponentially. It's not the same because so much of the current debt fueled spending is on an asset that has ve…

Companies want GW data centers, which are a new thing that will last decades, even if GPUs are consumable and have high failure rates. Also, depending on how far it takes us, it could upgrade the electric grid, make electricity cheaper.

And there will also be software infrastructure which could be durable. There will be improvements to software tooling and the ecosystem. We will have enormous pre-trained foundation models. These model weight artifacts could be copied for free, distilled, or fine tuned for a fraction of the cost.

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#577

Post by taberiand »

WhyOhWhyQ wrote: post #554

Seems like society isn't going to benefit much, but the ultrawealthy will benefit enormously.

Of course they will, the ultra wealthy are too big to fail. In a bubble like this, they just invest in pretty much everything and take the losses on the 99% of failures to get the x1000 multiples on the 1% of successes. While the rest of us take the hit.

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#579

Post by sokoloff »

pyrale wrote: post #492
sokoloff wrote: post #454

Earlier quoted context omitted.

What percent of the population in places which experienced the industrial revolution would be better off if they time-travelled back 200 years? 1%? 0.2%?

> in places which experienced the industrial revolution People experienced the industrial revolution everywhere. I suspect, when you think "places which experienced the industrial revolution", you think about a small subset of areas where some development happened as a result of that, likely the areas where industrialists lived. But you would also have to consider other places' experience of industrialization. For in…

Does Congo lack electricity, modern medicine, and air conditioning?

If the industrial revolution has made their lives worse, it's a double-whammy because they are forced to suffer almost twice as long, as their life expectancy at birth has approximately doubled since 1870.

https://www.statista.com/statistics/1071021/life-expectancy-...

Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits

#580

Post by dangus »

startupsfail wrote: post #534
the_other wrote: post #332

Earlier quoted context omitted.

I think you’re putting too much weight on cost (time, money), and not enough weight on “quality of life”, in your analysis. For sure, we can shop faster, and (attempt) research and admin faster. But… Shopping: used to be fun. You’d go with friends or family, discuss the goods together, gossip, bump into people you knew, stop for a sandwich, maybe mix shopping and a cinema or dinner trip. All the while, you’d be aware…

Yes, this is true. There used to be a lot of local book stores, for example. Amazon optimized that away, while ruining social fabric.

Independent book stores are booming in quantity since the initial Internet crash.

Be careful about making narratives that don’t line up with industry data.

There’s a lot of brick and mortar retail going on. It just doesn’t look like the overbuilt mall infrastructure of the 1970s-1980s.

Post reply on HN