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> I'd be surprised if Apple hasn't allocated at least $100,000,000,000 to AI development at a minimum and likely similar numbers from Amazon, Google and Microso
by sottol 4y ago
> I'd be surprised if Apple hasn't allocated at least $100,000,000,000 to AI development at a minimum and likely similar numbers from Amazon, Google and Microsoft
> Its not hype.
> ... AI to pretend to be a Furby...
Sorry to pick on this and be a little snarky, but all of this is hype.
100B? That's more than will ever be spent on fusion research - unlimited cheap energy.
OpenAI, the leader in the space, is valued at 29B and they've delivered a compelling product with seemingly less than 1B raised.
I get that people are excited, but this will be imo a smartphone type innovation. Sure it's made a lot of stuff sort of different (but not that much imo), lot's of new applications and apps - the "world's entire knowledge at your fingertips" but has it really changed humanity? Most people play freemium games on them, order takeout or take selfies and browse social media.
So I'm guessing this new wave of generative AI will mostly give us more of our shallow entertainment... virtual celebrities and gossip, on-demand personalized games and chat partners.
- andrewstuart 4y agohttps://www.investors.com/etfs-and-funds/sectors/sp500-companies-stockpile-1-trillion-cash-investors-want-it/ https://www.investors.com/etfs-and-funds/sectors/sp500-compa... These companies have the money, they’ve been saving it for a rainy day which has arrived.