3 ms·

Less overhyped than crypto. Fewer lost fortunes as well

kalium-xyz 4y ago
donno about that one, the beast that is openAI has gobbled up several billion already.
shagie 4y ago
A classic tweet from the uncomfortable AWS truths thread - https://twitter.com/QuinnyPig/status/1173369022655516672 https://twitter.com/QuinnyPig/status/1173369022655516672 > Nobody has figured out how to make money from AI/ML other than by selling you a pile of compute and storage for your AI/ML misadventures.
- dontreact 4y ago
  This is BS. ML targeted ads were the first application to make money and that happened a long long time ago (maybe 15 years at this point?). Nowadays there are a lot of products where ML is an essential feature.
  - shagie 4y ago
    It was reported on in 2012. https://www.nytimes.com/2012/02/19/magazine/shopping-habits.html?unlocked_article_code=78Jl5WPRgiT_Rio3PbNE2Cy1fPHMDUchGflDCw8lBtWeX2AYiLlBqzRJx9gbcRSXNSizh1PCQ4BwQBen1cNVrm-fJse1EfEJuG5s0tfEOfN3yHWvYSzaVCuPfioRWbOuPDVjRyZMQzdEiGVMMWB3JuL8a-P875tEnxaVUS9NYJJ3e7H4ErU2vKC5WKUhPaH-z2ZCy4rcnkDWZbKcdXjbKXsfdLYMFlJhk8ritgRN0ognW_ziadElCbA8Bcv_xtZ-3EJw-1K_r-PbzltMVBA6MK08c4OUQPchn70fQzTreK4rnYhpEqdDehQDGHOGWw4C3qp89L8NngDDTQ&smid=share-url https://www.nytimes.com/2012/02/19/magazine/shopping-habits.... - and the person who implemented it was hired in 2002. For the tweet, note the hyperbole and mocking of AWS more than the mocking of ML. The entire chain of tweets is mocking the cloud with hyperbole and a grain of truth.
- atypeoferror 4y ago
  That's pretty funny, but not actually true. I work at a company where we process vast amounts of retailer advertising data, and one of the things we need to do is tag images and extract data from deals. Although humans are still involved in this, at this point they are mostly checking the work of our ML models. This dramatically increases the speed with which we are able to do this - and this speed is one of the things that makes us attractive to our clients.
  - shagie 4y ago
    It's hyperbole and mocking AWS. The tweet chain starts at https://twitter.com/QuinnyPig/status/1173367909369802752 https://twitter.com/QuinnyPig/status/1173367909369802752 (rolled up https://threadreaderapp.com/thread/1173367909369802752.html https://threadreaderapp.com/thread/1173367909369802752.html though sometimes the replies to the posts are amusing too) and should be taken with sufficient salt to concern a doctor. Though, I wouldn't be surprised that if overall, people have spent more time on compute than have made from the models. There are companies that treat data science properly and are doing it well - but in the previous financial era people were inclined to throw money at things without clear criteria for success.

donno about that one, the beast that is openAI has gobbled up several billion already.

A classic tweet from the uncomfortable AWS truths thread - https://twitter.com/QuinnyPig/status/1173369022655516672 https://twitter.com/QuinnyPig/status/1173369022655516672 > Nobody has figured out how to make money from AI/ML other than by selling you a pile of compute and storage for your AI/ML misadventures.

dontreact 4y ago
This is BS. ML targeted ads were the first application to make money and that happened a long long time ago (maybe 15 years at this point?). Nowadays there are a lot of products where ML is an essential feature.
- shagie 4y ago
  It was reported on in 2012. https://www.nytimes.com/2012/02/19/magazine/shopping-habits.html?unlocked_article_code=78Jl5WPRgiT_Rio3PbNE2Cy1fPHMDUchGflDCw8lBtWeX2AYiLlBqzRJx9gbcRSXNSizh1PCQ4BwQBen1cNVrm-fJse1EfEJuG5s0tfEOfN3yHWvYSzaVCuPfioRWbOuPDVjRyZMQzdEiGVMMWB3JuL8a-P875tEnxaVUS9NYJJ3e7H4ErU2vKC5WKUhPaH-z2ZCy4rcnkDWZbKcdXjbKXsfdLYMFlJhk8ritgRN0ognW_ziadElCbA8Bcv_xtZ-3EJw-1K_r-PbzltMVBA6MK08c4OUQPchn70fQzTreK4rnYhpEqdDehQDGHOGWw4C3qp89L8NngDDTQ&smid=share-url https://www.nytimes.com/2012/02/19/magazine/shopping-habits.... - and the person who implemented it was hired in 2002. For the tweet, note the hyperbole and mocking of AWS more than the mocking of ML. The entire chain of tweets is mocking the cloud with hyperbole and a grain of truth.
atypeoferror 4y ago
That's pretty funny, but not actually true. I work at a company where we process vast amounts of retailer advertising data, and one of the things we need to do is tag images and extract data from deals. Although humans are still involved in this, at this point they are mostly checking the work of our ML models. This dramatically increases the speed with which we are able to do this - and this speed is one of the things that makes us attractive to our clients.
- shagie 4y ago
  It's hyperbole and mocking AWS. The tweet chain starts at https://twitter.com/QuinnyPig/status/1173367909369802752 https://twitter.com/QuinnyPig/status/1173367909369802752 (rolled up https://threadreaderapp.com/thread/1173367909369802752.html https://threadreaderapp.com/thread/1173367909369802752.html though sometimes the replies to the posts are amusing too) and should be taken with sufficient salt to concern a doctor. Though, I wouldn't be surprised that if overall, people have spent more time on compute than have made from the models. There are companies that treat data science properly and are doing it well - but in the previous financial era people were inclined to throw money at things without clear criteria for success.