This article seems to have scoped AI as LLMs and totally missed the revolutionary application that is self driving cars. There will be a lot more applications outside of chat assistants.
Will AI be the basis of many future industrial fortunes, or a net loser?
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Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#92I think the interesting idea with “AI” is that it seems to significantly reduce barriers to entry in many domains. I haven’t seen a company convincingly demonstrate that this affects them at all. Lots of fluff but nothing compelling. But I have seen many examples by individuals, including myself. For years I’ve loved poking at video game dev for fun. The main problem has always been art assets. I’m terrible at art an…
I enjoy using AI generated art for my presentations.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#93Earlier quoted context omitted.
The way I look at this question is: Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet? And if so, is AI going to discover it? And if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early acces…
People aren’t getting rich with AI products, they are getting rich selling AI companies.
nvidia is getting rich selling AI products.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#94A few issues:
1. The tech revolutions of the past were helped by the winds of global context. There were many factors that propelled those successful technologies on the trajectories. The article seems to ignore the contextual forces completely.
2. There were many failed tech revolutions as well. Success rate was varied from very low to very high. Again the overall context (social, political, economic, global) decides the matters, not technology itself.
3. In overall context, any success is a zero-sum game. You maybe just ignoring what you lost and highlighting your gains as success.
4. A reverse trend might pickup, against technology, globalization, liberalism, energy consumption etc
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#95This article seems to have scoped AI as LLMs and totally missed the revolutionary application that is self driving cars. There will be a lot more applications outside of chat assistants.
The same idea applies to self-driving cars though, no? That is an industry where the "AI revolution" will enrich only the existing incumbents, and there is a huge bar to entry.
Self-driving cars are not going to create generational wealth through invention like microprocessors did.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#96I think OP's thesis should be expanded. -AI is leading to cost optimizations for running existing companies, this will lead to less employment and potentially cheaper products. Less people employed temporary will change demand side economics, cheaper operating costs will reduce supply/cost side -The focus should not just be on LLM's (like in the article). I think LLMs have shown what artificial neural networks are ca…
> AI is leading to cost optimizations for running existing companies, this will lead to less employment and potentially cheaper products.
There's zero change that cost optimizations for existing companies will lead to cheaper products. It will only result in higher profits while companies continue to charge as much as they possibly can for their products while delivering as little as they can possibly get away with.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#97Earlier quoted context omitted.
Your response is, that you don't understand, so nobody else should.
That’s not what I said. But ok. Weather systems exhibit chaotic behavior which means that small changes to initial conditions have far reaching effects. This is why even the best weather models are only effective at most a few weeks out. It’s not because we don’t understand how weather works, it’s because the system fundamentally behaves in a way that requires keeping track of many more measurements than is physicall…
> That’s not what I said. But ok.
This is what you did say
> Then I don’t think you fully grasp the nature of weather.
Like - how the fck would you know? Even more so, why the fck does your ignorance and inability to think of possibilities, or fully grasp the nature of anything make you think that that sort of comment is remotely appropriate.
You have the uniquely fortunate position to never be able to realise how inept and incompetent you are, but putting that on to other people is definitely only showing everyone your ignorance to the facts of life.
And there was no reply - just downvoting people, like a champ...
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#98Earlier quoted context omitted.
> I've noticed this as well. It's a huge boon for startups, because it means that a lot of functions that you would previously need to hire specialists for (logo design! graphic design! programming! copywriting!) can now be brought in-house, where the founder just does a "good enough" job using AI. You are missing the other side of the story. All those customers, those AI boosted startups want to attract also have ac…
Then there's the 3rd leg of the triangle. If a startup built with AI does end up going past the rest of the pack, they will have no technical moat since the AI provider or someone else can just use the same AI to build it.
How frequently is a technical moat the thing that makes a business successful, relative to other moats?
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#99Earlier quoted context omitted.
I have a similar problem (available assets drive/limit game dev). What is your workflow like for generative game assets?
It’s really nothing special. I don’t do this a lot . Generally I have an idea I’ve written down some time ago, usually from a bad pun like Escape Goat (CEO wants to blame it all on you. Get out of the office without getting caught! Also you’re a goat) or Holmes on Homes Deck Building Deck Building Game (where you build a deck of tools and lumber and play hazards to be the first to build a deck). Then I come up with a…
Can you get consistency in the design? I know this was a problem 3 years ago…
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#100Earlier quoted context omitted.
I worked in weather for a while and the forecasters might as well have been betting on the horse races, the interpretation of the charts was very much the same psychology. The model did its thing but there was still an aspect of interpretation that was needed to convert data to a story for a few minutes on TV. For longer range forecasting the task was quite easy for the meteorologists, at least for the UK. Storm syst…
Thanks for your anecdote, it's valuable when discussing the possibilities to start by saying that it's impossible because you don't know anyone that did it
It's great to see the level of discourse on Hacker News is... insults and pile ons
All this "HN is so much better than other Social Media" is thus proved demonstrably false.