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Mark Zuckerberg freezes AI hiring amid bubble fears

telegraph.co.uk

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Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#651

Post by ghurtado »

Karrot_Kream wrote: post #571
ghurtado wrote: post #559

Earlier quoted context omitted.

Thank you. I find this type of thing really interesting from a psychological perspective. A bit like watching videos of perpetual motion machines and the like. Probably says more about me than it does about them, though.

Good for you! I wish I were wired that way. Unfortunately this kind of talk really gets under my skin and has made me have to limit my time on this site because it's only gotten more prevalent as the site has gotten more popular. I'm just baffled that so much content on this forum is people who seem to think their feelings-oriented reactions are in fact rational truths.

Well, don't take me wrong, I get annoyed by it too.

But in the distant past, I would engage with this type of comment online, and that was a bad decision 100% of the time.

And to be fair, I'm sure many of these people are smart, they are just severely lacking in the social intelligence department.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#652

Post by dghlsakjg »

siliconc0w wrote: post #437
dghlsakjg wrote: post #384

Earlier quoted context omitted.

Meta's business model is to capture attention - largely with "content" - so they can charge lots of money to sprinkle ads amongst that content. I can see a lot of utility for Meta to get deeply involved in the unlimited custom content generating machine. They have a lot of data about what sort of content gets people to spend more time with them. They now have the ability to endlessly create exactly what it is that ke…

The whole point is novelty/authenticity/scarcity though, if you just have a machine that generates infinite infinitely cute cat videos then people will cease to be interested in cat videos. And its not like they pay content creators anyway. It's Spain sinking their own economy by importing tons of silver.

We have services that will serve you effectively infinite cat videos, and neither cat videos or the websites that do that have ceased to be popular.

It is actually the basis for the sites that people tend to spend most of their time and attention on.

Facebook, Instagram, Reddit, TikTok all live on the users that only want to see infinite cat videos (substitute cat video for your favorite niche). Already much of the content is AI generated, and boy does it do numbers.

I am not convinced that novelty, authenticity, or scarcity matter in the business model. If they do, AI has solved novelty, has enough people fooled with authenticity, and scarcity... no one wants their cat video feed to stop.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#653

Post by BrawnyBadger53 »

aksss wrote: post #548
StopDisinfo910 wrote: post #543

Earlier quoted context omitted.

> A couple of years ago, I asked a financial investment person about AI as a trick question. She did well by recommending investing in companies that invest in AI (like MS) but who had other profitable businesses (like Azure) If you had actually invested in AI pure players and Nvidia, the shovel seller, a couple years ago and were selling today, you would have made a pretty penny. The hard thing with potential bubble…

Are you bearish on the shovel seller? Is now the time to sell out? I'm still +40% on nvda - quite late to the game but people still seem to be buying the shovels.

Personal opinion, I'm bearish on the shovel seller long term because the companies that are training AI are likely to build their own hardware. Google already does this. Seems like a matter of time for the rest of the mag 7 to join. The rest of the buyers aren't growing enough to offset that loss imo.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#654

Post by JumpCrisscross »

ghurtado wrote: post #385
balamatom wrote: post #351

Earlier quoted context omitted.

I'll differ from the siblingposters who compare it to the luck of the draw, essentially explaining this away as the excusable randomness of confusion rather than the insidious evil of stupidity; while the "it's fraud" perspective presumes a solid grasp of which things out there are not fraud besides those which are coercion, but that's not a subject I'm interested in having an opinion about. Instead, think of whales…

why is there so much of this on HN? I'm on a few social networks, but this is the only one where I find this kind of quasi-spiritual, stream of consciousness, word length steadily increasing, pseudo-technical, word salad diatribes? It's very unique to this site and these type of comments all have an eerily similar vibe.

Between “presumes a solid grasp of which things out there are not fraud besides those which are coercion, but that's not a subject I'm interested in having an opinion about,” before going on and sharing an opinion on that subject, and “even the Invisible Hand of the market is hand-shaped,” I think it may just be AI slop.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#655

Post by zmmmmm »

kilroy123 wrote: post #275
bilsbie wrote: post #271

I’ve never seen so much evidence for a bubble yet so much potential to be the biggest Thing ever. Just getting a lot of mixed signals right now. Not sure what to think.

Personally, I think it's both! It's a bubble, but it's also going to be something that slowly but steadily transforms the world in the next 10-20 years.

People seem very confused thinking that something can't both be valuable AND a bubble.

Just look at the internet. The dot com bubble was one of the most widely recognised bubbles in history. But would you say the internet was a fad that went away? That there was no value there?

There's zero contradiction at all in it being both.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#656

Post by tracker1 »

malfist wrote: post #607
tracker1 wrote: post #601

I'm somewhere in the middle on this, with regards to the ROI... this isn't the kind of thing where you see immediate reflection on quarterly returns... it's the kind of thing where if you don't hedge some bets, you're likely to completely die out from a generational shift. Facebook's product is eyeballs... they're being usurped on all sides between TikTok, X and BlueSky in terms of daily/regular users... They're comp…

How many years of not seeing returns this quarter does it take before its all hype?

How long did it take Space-X to catch a rocket with giant chopsticks?

It's more than okay for a company with other sources of revenue to do research towards future advancement... it's not risking the downfall of the company.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#657

Post by thefourthchime »

seu wrote: post #422

These changes in direction (spending billions, freezing hiring) over just a few months show that these people are as clueless as to what's going to happen with AI, as everyone else. They just have the billions and therefore dictate where money goes, but that's it.

That's one interpretation, but nobody really knows. It's also possible that they got a bunch of big egos in a room and decided they didn't need any more until they figured out how to organize things.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#658

Post by chollida1 »

frmersdog wrote: post #558
KerrAvon wrote: post #476

Earlier quoted context omitted.

It wasn't possible for them to be well managed at the time it mattered. Sears was loaded with debt by private equity ghouls; same story for almost all defunct brick and mortar businesses; Amazon was a factor, but private equity is what actually destroyed them.

And, knowing Jeff Bezos' private equity origins, one could be forgiven for entertaining the thought that none of this was an accident. Just don't be an idiot and, you know, give voice to that thought or anything.

> And, knowing Jeff Bezos' private equity origins

He doesn't have private equity origins as far as I know. He came from DE Shaw, a very well respected and long running hedge fund.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#659

Post by zmmmmm »

The problem with sentiment driven market phenomena is they lack fundamental support. When they crash, they can really crash hard. And as much as I see real value in the progress in AI, 95% of the investment I see happening is all based on sentiment right now. Actually deploying AI into real operational scenarios to unlock the value everyone is talking about is going to take many years and it will look like a sink hole of cost well before that. Buckle up.

Re: Mark Zuckerberg freezes AI hiring amid bubble fears

#660

Post by [deleted] »

toephu2 wrote: post #638
ben_w wrote: post #206

Earlier quoted context omitted.

"Why Andrew Tulloch Turned Down a $1.5 Billion Offer From Mark Zuckerberg" - https://techiegamers.com/andrew-tulloch-rejects-zuckerberg/

"according to people familiar with the matter." aka, made up. They can make up anything by saying that. There are numerous false articles published by WSJ about Tesla also. I would take what they say here with a grain of salt. Zuck himself said the numbers in the media were widely exaggerated and he wasn't offering these crazy packages as reported.

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