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I think a big difference between dotcom bubble and ai bubble is: where is the business/how it profit? there're solid new-born business with dotcom, like amazo
by suraci 2y ago
I think a big difference between dotcom bubble and ai bubble is:
where is the business/how it profit?
there're solid new-born business with dotcom, like amazon and microsoft
but who are the customers of AI(or LLM, to be specific)? for now i can only see limited user such as programers
how will business gain profits by LLMs
and it feels like users are already consumed totally by existing internet and apps, it's a stock market rather than an incremental market
This is not like a gold mine and shovels, it's more like a cliff and ropes
- mlboss 2y agoSEO, Marketing, Content Generation(Text,Images,Videos) has completely changed by AI. Lot of new companies are getting created in this space. Automation via computer use is the new set of application I am seeing in the market. It is very easy now to analyze what is happening in a computer screen and make rule based application on what to do next. Lot of jobs will be disrupted by it.
- lukev 2y agoSEO, marketing, and content generation are fundamentally parasitic bullshit. Unlike the initial .com wave, there is value to some companies, but basically no value to end consumers or (ultimately) humanity.
- suraci 2y agothe problem is, how much users are willing to pay for an AI-powered google or an AI-powered office365 and searching is not google's business, advertising is the most profitable business of AI seems always be 2B but not 2C, means it's hard to grab more value from consumption of customers
- redeux 2y agoYou would probably say the same thing about Amazon when it was founded in 1994. Personally, I don’t agree with the article if for no other reason than we’re too early in the cycle to know the outcomes. I also don’t think cheaper models will sink the AI market because really models are just infrastructure. It’s what you build on top of the models that’s useful. For example, ChatGPT is actually an agent built on top of models.
- suraci 2y agochatgpt doesn't bring profits to openai/microsoft but i agree: > we’re too early in the cycle to know the outcomes who knows, maybe 10years later, the weekly work hour will dropped to 20 from 40, so that consumers can give more their time and money-per-workhour to corporations, or workers must buy more equipments to earn a life
- gizajob 2y agoOne obvious business case is customer service chatbots, which all of a sudden do seem to have got loads better, ie, they work for the first time and can at least interact and understand what your problem is (before passing you on to a human) which has been 30 years coming.
- suraci 2y agoi agree that's a killer business solution for customer servicing but it's limited as i said, let's say amazon can replace 90% labor of the customer service department with chatbots, it's still insignificant compared with the ai vision described by the industry
- brokenmachine 2y agoWhere are these useful chat bots? because I haven't seen one yet.
- Gothmog69 2y agoThis was exactly the same in the dotcom bubble. Like exactly the same.