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YC's Winter 2024 Demo Day confirms that we are indeed in an AI bubble
- paxys 3y agoIf anything we are in the earliest stages of the AI bubble. There's a long way to go..
- brcmthrowaway 3y agoNot too late to buy NVIDIA stock
- lispisok 3y agoSo is everything being called "AI" these days just LLMs now or is it more?
- dvh 3y agoIs Monte Carlo AI?
- rubatuga 3y agoSo is linear regression
- lispisok 3y agoNo because AI is just a marketing term for unproven technology to generate hype. Once something is proven and use cases/limitations understood its no longer AI. Spellcheck was once considered AI
- smcin 3y ago> Spellcheck was once considered AI No it wasn't, let's not start spreading misinformation. Spellcheck was around since the 1990s. Originally it was simple heuristic-based against a dictionary (localized, maybe also allowing some personalization). Noone called it AI, pre-2010 AFAIK. Can you show any pre-2010 citations for any actual mainstream consumer-available spellchecking using AI?) I only see a small number of references to the use of AI in spellchecking, mostly post-2018, and they're still the minority of mentions of spellchecking, dictionary heuristics is still a simpler much more basic technique, even if ads don't say that. (There are now (post-2018, GPT-era) AI-based spellchecking/writing-coach/style-type startups, and obviously there are also many companies trying to infuse their collateral with claims about AI, or pivot/bolt on AI to a non-AI concept. Let's not muddle all that together.)
- aidenn0 3y ago> let's not start spreading misinformation. The first non-research-project spell-checker was in 1971 and came from the Stanford Artificial Intelligence Laboratory (SAIL), where earlier research on spell checking had been done.
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- shellygoodman 3y ago> No it wasn't, let's not start spreading misinformation. This website ("hacker" news) should really be renamed "confidently wrong"; just like smcin's laughable assertion. HN is a propaganda site run by billionaires who editorialize and moderate it to promote their own interests. It's infested with this type of confidently wrong know-it-all. You know what's worse than a pedant? An incorrect pedant. And this site is stuffed with them. It's a Dunning-Kruger hall of mirrors.
- drewcoo 3y agoMostly concur, but I'd downplay the D-K. https://www.psychologytoday.com/us/blog/how-do-you-know/202012/dunning-kruger-isnt-real https://www.psychologytoday.com/us/blog/how-do-you-know/2020...
- shellygoodman 3y ago> Spellcheck was around since the 1990s. And the moon was settled by whalers sometime in the 1750's! Seriously, you're approaching that level of wrong.
- cpcat 3y agoI know a company that claims to do AI. Their models didn't work so they ended hiring humans to manually do the job AI was supposed to do. Obviously that won't scale, but they still call themselves an AI company.
- apwell23 3y agoIts just 'human in the loop' AI as long as you don't reveal the humans are the whole loop.
- smcin 3y agoThat can still be a legit description as long as there's some learning capacity in the loop, and that can slowly be automated. Legal informatics is one such domain, there can be use-cases that are very domain-specific, and some high-value events occur rarely, hence can be a small-data problem, with big errorbars (think Apple-Samsung litigation).
- lupire 3y agoHuman is the loop.
- falcor84 3y agoThe official term is "Artificial Artificial Intelligence"
- anu7df 3y agoOfficial term should be AI 2.0 double the artificial, zero intelligence
- walterbell 3y agoA2I Artificial to Intelligence
- joshxyz 3y agoI've read somewhere that AGI = A Guy in India.
- moomoo11 3y agoWhat about slapping a wrapper around OpenAI's APIs and calling it a AI company? ..bUt ThEy fInE TuNEd iT...
- cpcat 3y ago[flagged]
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- colesantiago 3y agoI wonder what happened to all the YC crypto companies in the last 'bull run', it seems they have fell off. In the same vein as crypto, the grift continues in AI.
- nextworddev 3y agoMost of web3 companies that I spoke to / know of pivoted to AI circa mid 2023
- grzeshru 3y agoAs pg says, it’s the people not the product that matters.
- firejake308 3y agoThis is getting down voted, but I hope people realize that what he's saying is that the Venn diagram of crypto grifters and AI grifters is, in fact, a circle
- cpcat 3y agoI've read some CEOs leaving AI to build decentralized AI. A crossover between web3 and AI.
- duskwuff 3y agoWhat on earth does that even mean? (Besides "a foolish VC and his money are soon parted".)
- cpcat 3y agoWell they claim that currently the data is centralized and owned by a small group of companies, and they want to decentralize the data so that "users own their data". At least that's what they claim
- apwell23 3y agoHN frontpage seems to have much less AI than only a few months ago. Maybe things are slowing down ?
- paxys 3y agoThe HN frontpage is pretty heavily moderated. You may have noticed no news related to Elon Musk/Twitter, for example, because that is usually instantly removed or downranked. The article about Israel's bombing in Gaza on the front page right now was initially removed but came back after too many people complained, and now has 800+ comments and upvotes. So what you see here isn't necessarily indicative of general public interest or even interest of the community.
- thih9 3y agoCan you give examples of AI or Musk/Twitter news that would be of interest to the community and should have stayed on the frontpage?
- paxys 3y agoWhat's the objective measure of "interest to the community"? The voting score is obviously the closest one, and links I am describing constantly get upvoted to the top and are then removed.
- pkkm 3y agoThat doesn't necessarily mean there was any manual moderation. HN isn't just based on upvotes; it also has a flagging mechanism, as well as anti-flamewar mechanisms. They help tilt the scales in favor of technical topics and against lowest-common-denominator content that attracts very poor quality commenters, such as Musk/Twitter drama and most other politics.
- DannyBee 3y agoExample?
- 3y ago
- serjester 3y agoIf you look at total software spend in the US a year it’s 500B, total spend on payroll is 5T. If companies become 10% more efficient because of GenAI you’re effectively doubling the size of current software market. Actual value capture would obviously be lower, but 10% efficiency gains is a low estimate based on the studies coming out. There’s a ton of terrible startups right now, but some of them will become whales. You can’t predict which ones ahead of time, so you invest in everything.
- amou234 3y agoI'd love to see the studies mentioning 10% efficiency gains if you have a chance. also, do these studies balance against cost of running the models? remember, that's why stability.ai has collapsed.
- sanxiyn 3y agoI am aware of this paper from National Bureau of Economic Research. https://www.nber.org/papers/w31161 https://www.nber.org/papers/w31161
- jjtheblunt 3y ago> There’s a ton of terrible startups right now, but some of them will become whales. You can’t predict which ones ahead of time, so you invest in everything. For what value of “you”?
- lancesells 3y agoI think people will lose their jobs with all types of cost-cutting but the people left will be left doing more of the work. I think like Web 2.0 a lot of AI software will be created to manage other AI software. Buster - Software that links databases and large language models Vectorview - Custom LLM evaluation Nuanced - Helps detect deep fakes and misinformation
- reaperman 3y agoWould be curious how “software spend” is defined here. When people subscribe to Netflix does that go under “software spend” or “entertainment spend”? Markets are just so tricky to define. The labor pool includes Netflix, even if they’re not competing for B2B SaaS spending.
- htk 3y agoWhat a weird article. Title mentions bubble, body only talks about favorite AI companies.
- matesz 3y agoJust a clickbait, like most news articles online.