Trust me bro. Just one more AI, I swear.
Like when the coach of a big sports team is interviewed on the half-time break of a game they’re losing, this guy will of course going to say they’re still going to win.
It would only be news if he confessed they were fucked.
I haven’t read the article. I’m not going to read the article because I, quite frankly, don’t care about these people and I hope they all fucking crash and burn. But I’m going to take a guess and say that their attitude is something on the order of “We’re making tons of money how can they possibly be the bubble?”
In my opinion thus far, AI is good for the consumer, not the enterprise. It has no new information, which is what makes companies grow. I know people don’t think the want it, but in the end, it will be that Microsoft, Apple, and Max n don’t have a reason for it right now. While Google does. (Bing is Microsoft so yes). People are idiots and can learn from others. New ideas can’t come from language models, thus useless to companies looking to engineer new ideas. But if you want to re-iterate BS people could not find, it helps. It will bleed anyone providing the information dry, so that will dry off, but it puts every dollar into the search engines povket for advertising, and steals from anyone chasing “the American Dream”.
What benefit? Seriously, what benefits are you actually talking about?
Maybe they exist in niche areas, like improved translation software or some such thing, but maybe that’s just normal “use computers better” technological advancement and not actually anything magical.
The bubble thing is more the financial aspect. None of these AI companies are profitable and they also don’t have a clear path to profit. For some time the business plan of Open AI was literally develop advanced AI and then let the AI figure out how to make money. Yet, these companies attract huge amounts of investment and are responsible for basically all of the economic growth in the US.
Nobody thinks there are no uses at all for LLMs or image generation etc. or that people in general hate all AI. It’s a bubble because a lot of money is being invested in something that nobody managed to make profitable yet, so if the investment stops, then these companies will all implode.
Is davos a gathering of villains hell-bent on making the world a worse place?
It’s just one letter away from Davros. They’re not fooling me.
There is no war in Ba Sing Se
Autoerotic asphyxiation from farts in an echo chamber produce the wildest trips.
No shit. Their stocks would crater if they did tell the truth.
These people make me thirsty for guillotine time
These fucking nerds - Hey, Dipshit! Jedi mind tricks are not real! Your hand-waving “These are not the AI Tech Bubbles you seek,” won’t work.
Every picture I see of him he’s wearing that leather jacket - tell me a CEOs role isn’t entirely performative.
To be fair, I’ve seen him in another stupider leather jacket that was reptile textured.
That’s a tech CEO thing - Jobs’ turtlenecks, Gates’ blue oxford shirts, etc. You wouldn’t think twice about a Wall Street guy in a suit, but that’s just a daily uniform.
Yep, they love it.
They also all love saying they could have (or would have) been a physicist.
hello fellow acollierastro viewer
Pretty sure Elon’s completely given that game away.
Elon just dresses like the pig he is.
They obviously don’t pay him enough and that’s why he only has the one outfit.
In a corporation that size? Yeah it’s entirely performative.
Why is that wizened old man dressing in a leather jacket?
wizened?
wizened; intransitive verb : to become dry, shrunken, and wrinkled often as a result of aging or of failing vitality
This is clearly a bubble.
I don’t care if AI is useful, it’s not this useful. And it sure as shit isn’t going to see the returns they expect.
I run an internal multi-user AI app. It plugs into almost everyone’s workflows to make things easier (fetches documents, pulls data, contextualizes stuff). It costs $1 per day per user in token costs .
You need a trillion people using these apps for the current valuations to make sense.
That explains why they want people to have more babies.
My guess is they are using the Netflix playbook all over again.
Get you hooked to the extreme convenience, much like a drug addict, and then pump up the price or flood every prompt with ads.
That’s my best case.
Worse case is, that alongside the rising adoption, they will start surreptitiously but effectively modifying general knowledge, thought and behaviour in ways the
worstbest Marketer would blush about.Get you hooked to the extreme convenience, much like a drug addict, and then pump up the price or flood every prompt with ads.
There is a big difference between “normal” SaaS and LLM.
In a normal SaaS you get a lot of benefit of being at scale. Going from 1000 to 10000 users is not that much harder than going from 10000 to 1000000. Once you have your scaling set up you can just add more servers and/or data centers. But most importantly, the cost per user goes waaay down.
With AI it just doesn’t scale at all, the 500000th user will most likely cost as much as the 5th. So doing a netflix/spotify/etc, I don’t think is going to work unless they can somehow make it a lot cheaper per user. OpenAI fails to turn a profit even on their most expensive tiers.
Edit: to clarify, obviously you get some small benefits from being at scale. Better negotiations and already having server racks, etc. But those same benefits a traditionsl SaaS gets as well, and so much more that LLM doesn’t, because the cost per user doesn’t drop.
Is this correct? I was under the impresion that the most expensive part of an llm is the training, and once that’s done the cost of running a prompt is negligible.
I get your point that this last part doesn’t scale well, but the far larger cost of training must get very diluted if they distribute it across a large user base.
I agree, scaling users isn’t the issue, what is is the neverending chase for the mirage that is AGI. They’ll throw every processing cycle they can muster at that fever dream, that’s the financial black hole.
Yes, but don’t underestimate the power of centralisation.
6 months ago you could set up a server for running a decent local llm for under 800.
By increasing the demands and pushing the price of hardware up, they are efectibly gate keeping access to llms.
I think the plan is that we will need to rely on this companies for compute power and llms services, and then they can do all sorts of nefarious things.
then pump up the price or flood every prompt with ads.
“Sure I found that document you needed, and with it, I also found this great new game I know you’ll love. Raid: Shadow Legends, It’s a free to pla…”
I cannot wait for companies spending 300 dollars per user per month for this convenience.
I think the word you’re looking for the is surreptitiously
Thank you kind person, I just fixed it!
I don’t care if AI is useful, it’s not this useful. And it sure as shit isn’t going to see the returns they expect.
And how. Making coders slightly more efficient really just isn’t worth this much. There’s also going to be hell to pay when software created by all of the vibe-coding is found to be full of security holes.
They want to pitch this as unemployment causing efficiency gains, but this shit clearly can’t do anyone’s job that wasn’t already automatable through regular software.
If it’s this useful, we’re (and them) fucked too because the economy would collapse under falling aggregate demand due to falling wages and layoffs. The “people will find new jobs” won’t save us from a shift this large without a depression. And all sorts of things happen during depressions.
I’m struggling to find a scenario in which we are not already fucked. I say we “go for broke” and move on.
Pop this thing.Yep, pop the bubble and watch these companies deflate instantly. Won’t bother me, my fortune isn’t tied up in bullshit because I believed my own propaganda. Maybe some of those psychopaths will solve their instant financial problems the old fashioned way, from the 100th floor.
Shit! Don’t threaten me with a good time!
I’d rather forgo all of my technology and live like a caveman than use and embrace AI the way these morons want.
Even if you wanted to you can’t use AI the way these guys want, because it doesn’t work.
The more I learned about packet tracking and air gapped attacks makes me want to just uncle Ted the fuck out, minus the violence.
I wouldn’t mind Tedding out some of these tech bros.
Username tracks
Its not a bubble. A bubble is when you sink billions into something with no payoff. We’ve sunk trillions. Any people aren’t just uninterested, a substantial amount are actively opposed to it. Its not the same thing at all.
A sink-hole then?
Or, if I may: a stink-hole.
Maybe you’d call that a black hole instead of bubble
Nexus of causality?
*torment
