4 ms·
Reminder that Nvidia is still the only company making any money out of the "AI revolution".
by optimalsolver 2y ago
Reminder that Nvidia is still the only company making any money out of the "AI revolution".
- Der_Einzige 2y agoWrong Midjourney is profitable. All the acquired startups (i.e. Streamlit or MosaicML) who made millions per employee "made money" for the people who cared.
- GaggiX 2y agoThat's not true, there are plenty of companies that make a profit, Midjourney, for example, an obvious one.
- danpalmer 2y agoThat's natural given that they mostly produce hardware several layers of abstraction distant from the end user value, companies need to buy the hardware before they can start delivering their own value. AI model training is not value by itself if there's no use-case for the model that can be charged for. I see it playing out one of two ways. Either Nvidia are selling shovels in a gold rush, the rush will end, and the business will dry up (after they have made a lot of money!). Or AI sticks/takes off, and Nvidia are selling a commodity too far from the value, like most electronic component manufacturers, and they'll maintain significant market share but have their margins reduced to a fraction of what they were before (after they made a lot of money!). The human value doesn't come from ML training or inference, it comes from taking a better photo. The business value comes from drafting a better email. Those companies closer to that value will likely do better in the long run, as they always have done.
- a2128 2y ago"When there is a gold rush, sell shovels"
- amelius 2y agoThey started the gold rush.
- jiggawatts 2y agoI'm pretty sure OpenAI started it, they just used NVIDIA shovels to dig the first mines.
- throwaway48476 2y agoNvidia created CUDA and seeded the ML industry for a decade before chatgpt. They aren't given enough credit for their foresight and strategy. Most companies would have choked the community to death with greed before it ever took off. There is a reason why CUDA works on every NV gpu but ROCm support is spotty at best and only guaranteed on data center GPUs.
- jiggawatts 2y agoMy analogy still holds. NVIDIA just created good shovels that are useful in both the garden and in a gold mine. AMD and Intel insisted on selling only flimsy garden shovels.
- throwaway48476 2y agoAMD and intels shovels (hardware) are fine. The ecosystem is the problem. The fundamental difference is AMD/intel see it as an upsell whereas nvidia is willing to invest in long term organic growth. The problem is the C suite and the difference between companies run by founders and bean counters.
- jiggawatts 2y ago
- Refusing23 2y agoi have yet to hear of anyone actually using AI for something properly only exception im excited about is the non-main characters from video games, where a lot of the random NPCs, can now actually bring some more fun to the game.
- lynx23 2y agoVision models are a godsent for blind user. I use a vision model to sort my laundry, for instance... And translation and grammar/spell checking is also at a level which was unthinkable before LLMs hit. But thats it, really. The "talking machine" aspect of it is more and more uncovered as totally useless.
- riffraff 2y ago> I use a vision model to sort my laundry you built a robot that sorts laundry? Tell us more!
- Bloedcoins 2y agoIts an revolution. Don't undersell this. There was never ever any technology like LLMs close to what chatgpt and co can do in regards of understanding random human input. My startup doesn't need to make money with it directly, but for us it increased our data quality on text and images. I'm also quite happy to pay 10-20$ per month for random things LLMs do quite well for different use cases like creating some scripts etc.
- Bloedcoins 2y agoI'm pretty sure https://www.topazlabs.com/ https://www.topazlabs.com/ is also making money with the AI revolution. Also Klarna threw out 700 people, they probably make money with AI. And i found this article: https://www.ft.com/content/a9a192e3-bfbc-461e-a4f3-112e63d0bb33 https://www.ft.com/content/a9a192e3-bfbc-461e-a4f3-112e63d0b...