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Independent of the "real" value of AI My argument would be the sudden pivot of EVERYONE to AI is more indicative of a lack of good prospects for investments, r
by softwaredoug 3y ago
Independent of the "real" value of AI
My argument would be the sudden pivot of EVERYONE to AI is more indicative of a lack of good prospects for investments, rather than companies actually discovering products users want and like.
Of course there's real value, but I'd believe the hype more in a strong tech economy, and am distrustful of every company becoming an AI expert overnight in our current weak tech economy.
- VirusNewbie 3y agoBut this is how it's always been. Someone could have funded AI heavily (and a few did) during the web 3.0 hype but most went with the crowd. Same with streaming video services, social media companies, hardware companies, MMOs, search engines, cloud, etc.
- georgemcbay 3y ago... and just prior to the big attention-boom for AI many of the same players were trying to make their variant of the "metaverse" the Next Big Thing -- most of them advocating for the importance of virtual meeting spaces while simultaneously mandating RTO.
- denton-scratch 3y ago> indicative of a lack of good prospects for investments This is what it looks like to me, too. Also, all the money that poured into "crypto" enterprises and schemes. People are inventing $THING_TO_INVEST_IN out of nothing, and capital piles in. I'm no economist, but this seems like the result of there being too much investor money chasing too few investment opportunities. Why's there too much money? I'd speculate that QE caused this. I've always thought that QE was nuts; the present global inflation scenario was entirely predictable.
- ahhfhando6698 3y ago[dead]