this post was submitted on 10 Apr 2024
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Not one of his better articles. A lot of prevaricating with very little substance or conclusions. While AI investment is most certainly a bubble, few are taking into account the technology improving. This is a bone the tech dogs aren't going to give up easily. They have a whiff of the possibility of AIG becoming a reality. Like all promising tech, the potential for long term damage is as, if not more so, catastrophic for society as the World Wide Web and social media. He's looking at this as an echo of past Silicone Valley bubbles. It so much more than that.
They also had a wiff of NFTs letting them sell and claim royalties on JPEGs. This isn't about some grand vision if humanity's future, it's about becoming the next Silicon Valley billionaire, or dethroning the richest man in the world. If the next big tech get-rich-quick scheme comes along, the novelty of their very expensive autocomplete and JPEG mashup projects will be dead, and they'll take their dollrs on to the next fad.
Citation-fucking-needed.
I didn't say anything about a grand vision. And this has little to no connection to NFTs, other than the usual hyped tech investors.
That's my opinion. You don't have to agree. You also don't have to be obnoxious.
Very little substance or conclusions. While technology is improving, you're not reading into account AI investment is a bubble.
AI can certainly help, but not a single one was able to consistently deliver good results. A technology that needs constant supervision by an actual expert isn't really all that useful. And this is not just a problem of scale. It's a limitation of the current approach. Throwing billions at a problem to save a few millions just isn't worth it.
When did that ever stop Silicone Valley investors?