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Generative AI is the gift that keeps on giving and it will counter the economic forces which are pushing tech companies away from being profitable. This is why
by Der_Einzige 3y ago
Generative AI is the gift that keeps on giving and it will counter the economic forces which are pushing tech companies away from being profitable. This is why stocks keep going up despite high interest rates.
Lol this struck a chord. Maybe folks here need to explain why generative AI isn’t a several trillion dollar industry and why it won’t positively impact stock prices for a ton of companies rather than just downvote.
- blitzar 3y ago> why generative AI isn’t a several trillion dollar industry It is already.
- MattGaiser 3y agoOr why AI isn’t going to become part of every product, service, and supply chain in the next decade.
- green_man_lives 3y agoI think that since you are making the claim that generative AI is propping up stocks, that the burden of proof is on you to explain why it is so useful. Right now you are just repeating a platitude that was already beaten to death by tech hype influencers. I am not saying that you're wrong, but I think there is more uncertainty with AI than there is certainty. If you claim to be certain about something then the burden of proof is on you.
- blitzar 3y agoIt doest matter if it is useful or not. People are investing on the prospect of it being useful. A laptop with a LLC and a vague plan to build a LLM can get you investment with a valuation of a billion at the moment.
- MuffinFlavored 3y ago> I think that since you are making the claim that generative AI is propping up stocks I do think a very large part of the 9-month S&P500 run from 3600 -> 4500 has to do with NVIDIA + Microsoft, for what it's worth.