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I hate the hype as much as the next guy but even I can see it’s clear as day ”gen ai” is here to stay on some form or another. Denying it is plain ignorance. A

I hate the hype as much as the next guy but even I can see it’s clear as day ”gen ai” is here to stay on some form or another. Denying it is plain ignorance. Also denying it’s real world use is very ignorant as well. I have used generative ai very little yet I’ve gotten very real world use out of it. Image generation for a lecture to conceptualize something as pictures. Help in programming something fast in something unfamiliar. (Needed to use an azure sdk in java which I hadnt used before - instead of reading documentation chatgpt gave me a very usable example and I did the integration part of the work in minutes. I did check some things from docs afterwards, but the example sped the progress by a lot.) Gen ai saves too much time / money / effort on several tasks not to keep on existing. I don’t deny a possible bubble, but a bubble and real world use are not mutually exclusive in the least.

Timber-6539 3y ago
Gen AI is a toy, a useful one I have to admit but it is not solving any real world problems. I use it sometimes, the product is just not production-quality ready. Chatbots are not what's going to make AI great. Am sure there's some commercial utility out there for AI to improve efficiency in certain specific industries, that's what am more interested in hearing about instead.
- xetplan 3y ago
  The real problem is that "bubble" is a poorly defined word. We shouldn't use the same word to describe the tulip bubble and the dot com bubble. The tulip bubble to me is what we really think of as a bubble. A collective mania causing price to go up in a completely irrational way. If we can agree the valuation of a company should be all future discounted cash flows of a company then it doesn't strike me as irrational for the price of stocks during dot com or today to go through the roof. Valuation is really hard and really uncertain and then all the harder for something new and highly disruptive. The problem with using the word bubble in the tulip bubble sense with AI is there is surely no guarantee the price of NVDA is going to fall sharply from here as if it was a tulip bulb selling for the price of a house.

Timber-6539 3y ago

Gen AI is a toy, a useful one I have to admit but it is not solving any real world problems. I use it sometimes, the product is just not production-quality ready. Chatbots are not what's going to make AI great. Am sure there's some commercial utility out there for AI to improve efficiency in certain specific industries, that's what am more interested in hearing about instead.

xetplan 3y ago
The real problem is that "bubble" is a poorly defined word. We shouldn't use the same word to describe the tulip bubble and the dot com bubble. The tulip bubble to me is what we really think of as a bubble. A collective mania causing price to go up in a completely irrational way. If we can agree the valuation of a company should be all future discounted cash flows of a company then it doesn't strike me as irrational for the price of stocks during dot com or today to go through the roof. Valuation is really hard and really uncertain and then all the harder for something new and highly disruptive. The problem with using the word bubble in the tulip bubble sense with AI is there is surely no guarantee the price of NVDA is going to fall sharply from here as if it was a tulip bulb selling for the price of a house.