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Why AI Is Tech's Latest Hoax [video]
- unraveller 2y agoTL;DW it's a hoax because many things that business hype have latched onto in the past were hoaxes and AI offends creators.
- mikewarot 2y agoSummary: AI, like Big Data before it, doesn't actually produce business value I'd say there is value to be had, but not enough to keep the bubble inflated. There's going to be a correction. It's fortunate that large language models are easy to run once trained, and have almost zero marginal cost per token.
- DaoVeles 2y agoI do like their clear take on the idea that the AI hype is is the long tail if Big Data hype. That it is the idea of getting machine learning/training to find the information in the data rather than explicitly spelling out what to find.
- tim333 2y agoThere's some truth in the idea that current AI is maybe a bit like big data in that it's not providing huge value against the cost to produce it. But the future prospects are quite different - see all the AI sci fi movies vs the zero big data movies.
- hindsightbias 2y agoNvidia is going to need another bubble.
- DaoVeles 2y agoIt has been said that over priced shares is just as dangerous to a company as under priced shares. Once they correct to more realistic values, it still looks like a loss to most investors. Say Nvidia corrects from $3 trillion market cap to $300 billion. It still a lot of money left over but to investors a 90% drop is close enough to a 100% drop and they may just cut their losses dooming the company long term. Not saying that is what will happen but it is a valid fear. I do wonder, if Nvidia needs another bubble - what could it possibly be?