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AI is still fueled by hope. The actually applications of it (they do exist and they are valuable) pale in comparison and value to what it's valuation is based
by parineum 2y ago
AI is still fueled by hope.
The actually applications of it (they do exist and they are valuable) pale in comparison and value to what it's valuation is based on, it's future promise.
When the people who say things like "AI is going to replace all accountants!" stop speaking the the future tense, it's value will be justified. For now, it's OpenAI spending billions developing a product they hope will make trillions and Nvidia is happy to sit in the background selling billions of dollars in compute.
- AlexandrB 2y agoIn many cases there's no obvious way to collect additional revenue for AI features either. For example, Google now has an AI box in their search but will this translate to more ad revenue?
- pylua 2y agoAi is more of a deflationary force. It will make things cheaper and those features will be table stakes.
- dmvdoug 2y agoYes, and the cognitive dissonance induced by comparing the actual applications of it to what the evangelists and marketeers say about it is extraordinary. The rhetorical gap widens apace.
- dkrich 2y agoRight now I’d say it’s 5% functionality and 95% marketing hype for companies that want investors to believe they are innovative. For the most part these companies are just incorporating chat bots and inaccurate abstraction layers into their platforms and calling it the greatest transformation in history. What feels off to me is that most of these people don’t have great track record with these types of predictions and are historically trend followers.