As best I can tell, the application of modern AI techniques is a shallow attempt to monetize corporate interest in "efficiency." Small caps outside <anything>a

As best I can tell, the application of modern AI techniques is a shallow attempt to monetize corporate interest in "efficiency." Small caps outside <anything>aaS are "highly motivated" to increase profits because they're in industries who must deliver financial results to be considered successful. Our industry has sold them mostly a bill of goods (though not completely) by saying "hey. replace those unpredictable and expensive humans with a chat bot." That the chat bot is wholly non-functional for the proposed application is beside the point. The company purchasing the bot gets to tell their investors they're taking actionable steps to reduce expenses and the company selling the bot gets cash (or factorizable debt.) No one will understand the bot did not do what it was supposed to do for at least 18 months, by that time the people purchasing the bot and the people selling the bot will be gone, having already collected their commission or quarterly bonus. This is not to say there aren't real applications for LLMs and <foo>NNs. But I hope we're at the peak of the hype curve because I've heard some people say some pretty ridiculous things about what ChatGPT can do. My best case scenario is we have about 6 months of hype left before the marks start wising up. Then two business cycles before people read up on what the tech was actually capable of and a smaller market emerges servicing niche requirements where there is demonstratable benefit. Worst case scenario is we continue on the "let's use ChatGPT for everything without having a fundamental understanding of what it is" course and blindly trust poorly trained models. At night the ice weasels come. Reality will probably be somewhere in the middle: we'll lose 5 years of productivity while everyone stops and spends cash on "repositioning" their organizations to maximize the benefit of AI. When we realize we were shoveling money into the bank accounts of kids who simply learned to repeat words like "convolutional" and "radiance" in sentences that sounded impressive to people unfamiliar with the technology... then we'll fire everyone who recommended using AI. And then a few organizations will realize modern AI does have some benefits, but it still requires work to extract their value (i.e.- as an exec, you have to read up on what the tech can reasonably be expected to do consistently.) In other words... it's the sili valley business cycle. Anyone want to buy my FTX, WeWork or Theranos stock?