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Here's my two hot takes on that topic. First, you are on HN, a website full of entrepreneurs betting their savings on AI companies. "It is difficult to get a m

Here's my two hot takes on that topic. First, you are on HN, a website full of entrepreneurs betting their savings on AI companies. "It is difficult to get a man to understand something when his salary depends upon his not understanding it" [1]. Remember that the CEO of OpenAI used to be the president of HN. Second, remember NFTs? Bitcoin? Perhaps even MongoDB [2]? Tech lives and dies on hype and AI is the newest one. This too shall pass. [1] https://quoteinvestigator.com/2017/11/30/salary/ https://quoteinvestigator.com/2017/11/30/salary/ [2] https://www.youtube.com/watch?v=b2F-DItXtZs https://www.youtube.com/watch?v=b2F-DItXtZs

wkat4242 2y ago
The President of YC's board, allegedly. Which he never was because that position didn't actually exist until after he left. There's been numerous articles about that recently. Not to undermine your point, the techbroism is strong here but facts are facts
rchaud 2y ago
Bitcoin and crypto come with a get-rich-quick stench that turns off most people. AI hype is much more dangerous because it mixes real use cases, to push enthusiastic viewpoints for LLM slop.
luzojeda 2y ago
Did NFTs and Bitcoin indirectly cause a bullish rally such as the one we are seeing on Nvidia? Genuine question here. Because that's what scares me the most, what will happen with Nvidia.
- rsynnott 2y ago
  I’d argue IBM to some extent; around 2016 the markets did get somewhat excited about its blockchain efforts (all but forgotten today). Nothing on the scale of the current thing, mind you. > Because that's what scares me the most, what will happen with Nvidia. What’s your concern? Ultimately if the bubble bursts, its stock price will fall, presumably. But, well, stock prices fall, life goes on.
mr_toad 2y ago
> First, you are on HN, a website full of entrepreneurs I’m pretty sure the majority of people commenting here aren’t entrepreneurs.
npoc 2y ago
Isn't bitcoin at all-time highs? In what way has it died?

wkat4242 2y ago

The President of YC's board, allegedly. Which he never was because that position didn't actually exist until after he left. There's been numerous articles about that recently. Not to undermine your point, the techbroism is strong here but facts are facts

rchaud 2y ago

Bitcoin and crypto come with a get-rich-quick stench that turns off most people. AI hype is much more dangerous because it mixes real use cases, to push enthusiastic viewpoints for LLM slop.

luzojeda 2y ago

Did NFTs and Bitcoin indirectly cause a bullish rally such as the one we are seeing on Nvidia? Genuine question here. Because that's what scares me the most, what will happen with Nvidia.

rsynnott 2y ago
I’d argue IBM to some extent; around 2016 the markets did get somewhat excited about its blockchain efforts (all but forgotten today). Nothing on the scale of the current thing, mind you. > Because that's what scares me the most, what will happen with Nvidia. What’s your concern? Ultimately if the bubble bursts, its stock price will fall, presumably. But, well, stock prices fall, life goes on.

mr_toad 2y ago

> First, you are on HN, a website full of entrepreneurs I’m pretty sure the majority of people commenting here aren’t entrepreneurs.

npoc 2y ago

Isn't bitcoin at all-time highs? In what way has it died?