It certainly feels like the AI bubble is popping. Code completion is a great use, some writing tools are nice, I love chatGPT for information lookup (while knowing that it hallucinates), ChatGPT/whatever is great for generating icons and some images, and it’s much better at writing in corpo than I am. But…Nvidia as the most valuable company in the world? $1B valuations for freshly minted companies? Radical changes to…
The easiest prediction you can make is that it's going to have an impact in unexpected ways. It will be some time until we get to grips with all the implications of computers grokking language. Then again sci-fi has had computers understanding speech for ages as if it's the most natural thing in the world.
Even Apple cannot explain why we need AI in our lives
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Re: Even Apple cannot explain why we need AI in our lives
#62It certainly feels like the AI bubble is popping. Code completion is a great use, some writing tools are nice, I love chatGPT for information lookup (while knowing that it hallucinates), ChatGPT/whatever is great for generating icons and some images, and it’s much better at writing in corpo than I am. But…Nvidia as the most valuable company in the world? $1B valuations for freshly minted companies? Radical changes to…
If it is a pop how can Big Tech walk it back? Am I overreacting here or have companies like Google and Microsoft pimped out their reputations in an irreversible fashion?
The most vulnerable Big Tech organization are the ones like OpenAI and Anthropic that are swollen with investment specifically for AI but need to find a business or growth plan that can sustain that investment, plus the smaller and startup companies that have bet the farm on AI before it matured. But these same companies are the ones that have the potential to win big if there's another key breakthrough on either capabilities or product insight.
Re: Even Apple cannot explain why we need AI in our lives
#63It certainly feels like the AI bubble is popping. Code completion is a great use, some writing tools are nice, I love chatGPT for information lookup (while knowing that it hallucinates), ChatGPT/whatever is great for generating icons and some images, and it’s much better at writing in corpo than I am. But…Nvidia as the most valuable company in the world? $1B valuations for freshly minted companies? Radical changes to…
Re: Even Apple cannot explain why we need AI in our lives
#64Earlier quoted context omitted.
How did big tech walk back crypto, ML, Web 2.0? They really don't need to walk back anything. If the features are too expensive to support and ultimately unused, then they'll just quietly kill them off. Otherwise, it'll just be another feature in the feature lists. Not something that really buys anything but also not something making them a lot of money.
Funny you put crypto on the same list with ML. (and I guess you meant Web 3.0, not 2.0)
As for crypto, I probably should have said blockchain instead. There was one point recently where everything was block chained.
Re: Even Apple cannot explain why we need AI in our lives
#65Once it becomes capable enough to act as an agent and starts asking you questions (unprompted by you) to confirm its actions, it'll slowly become a requirement to participate in society and remain productive enough to be taken seriously, like smartphones are today.
Re: Even Apple cannot explain why we need AI in our lives
#66It certainly feels like the AI bubble is popping. Code completion is a great use, some writing tools are nice, I love chatGPT for information lookup (while knowing that it hallucinates), ChatGPT/whatever is great for generating icons and some images, and it’s much better at writing in corpo than I am. But…Nvidia as the most valuable company in the world? $1B valuations for freshly minted companies? Radical changes to…
> I love chatGPT for information lookup (while knowing that it hallucinates) Hallucinates? I'd use the term 'bullshits' when it doesn't know the right answer. This makes it a dangerous thing to trust.
It is a greatat summarizing but poor at understanding. It is great at concepts but crap at precision. And every actionable "fact" coming from it needs to be vetted.
Re: Even Apple cannot explain why we need AI in our lives
#67Re: Even Apple cannot explain why we need AI in our lives
#68It certainly feels like the AI bubble is popping. Code completion is a great use, some writing tools are nice, I love chatGPT for information lookup (while knowing that it hallucinates), ChatGPT/whatever is great for generating icons and some images, and it’s much better at writing in corpo than I am. But…Nvidia as the most valuable company in the world? $1B valuations for freshly minted companies? Radical changes to…
Objectively, no it doesn't. Even if you think it's a bubble, then the bubble is just growing. There are zero signs of anything popping yet. Company valuations are only increasing.
> Nvidia as the most valuable company in the world?
It makes sense when you look at the financials. It's like back in 1800's when railroads were the new thing, and imagine there were only one company that knew how to make locomotives, while everything else had multiple suppliers. It would have been the most valuable company as well.
Nvidia is in an extremely enviable situation where they're simply the only company that makes a product that is in extreme demand. And for various reasons, no other companies appear to be able to make and deliver a substitute -- not yet and seemingly not in the near future.
So they're able to produce an extreme level of profit, which shows no signs of stopping anytime soon, and their market valuation reflects that accurately.
Remember, high market valuation isn't a reflection of expected future revenue or sales -- it's a reflection of expected future profit. And Nvidia is raking in crazy profits because nobody else is effectively competing with them.
Re: Even Apple cannot explain why we need AI in our lives
#69Earlier quoted context omitted.
If it is a pop how can Big Tech walk it back? Am I overreacting here or have companies like Google and Microsoft pimped out their reputations in an irreversible fashion?
How did big tech walk back crypto, ML, Web 2.0? They really don't need to walk back anything. If the features are too expensive to support and ultimately unused, then they'll just quietly kill them off. Otherwise, it'll just be another feature in the feature lists. Not something that really buys anything but also not something making them a lot of money.
Big tech wasn't invested in crypto in the way it is in AI. For a few days Meta pretended they were going to launch a cryptocurrency, but that's kinda it. Whereas in this case all the biggest tech players are making a lot of noise about how AI is The Future and investing a tremendous amount of resources into trying to make their AI be The Future.
Big tech investment into machine learning didn't need walking back because machine learning morphed smoothly into AI.
Big tech investment into "Web 2.0" didn't need walking back because "Web 2.0", to whatever extent it was a definite specific thing, was a huge success and now we just call it the web. (If you meant "Web 3.0", that didn't need walking back for the same reason as crypto didn't: it was never a very big thing for very big tech.)
So I'm not seeing how any of those things was like AI today. If it turns out that present-day AI is a bubble and it bursts, it will not be like crypto or "Web 3.0" for the big tech companies because those were only ever fads that the big tech companies didn't particularly tie themselves to. It won't be like machine learning because it will be the same bubble, just later on. And it won't be like "Web 2.0" because that wasn't a bubble and didn't burst.