3 ms·
It makes no sense to compare the current AI hype to the tulip mania of crypto/NFTs. A much better parallel is to cloud computing hype in 2009.
by CharlesW 1y ago
It makes no sense to compare the current AI hype to the tulip mania of crypto/NFTs. A much better parallel is to cloud computing hype in 2009.
- ibaikov 1y agoI think it does. Startups, VCs and media still provoke hype trains. People cherry pick and extrapolate everything in AI as well.
- selfhoster11 1y agoExcept the benefits of LLM adoption can be measured empirically, with your own eyes. And don't require network effects to fully realise benefits, unlike cryptocurrency and NFTs. Ignoring the hype and doing your own thing with it is a good choice.
- ibaikov 1y agoI agree to some level, but crypto and NFTs also have value without network effects present. You could even argue that without network effects AI is also very limited: way less users -> way worse models. It took OpenAI to commit capital first to pull this off. The point is I think comparing these areas (and other tech) is still interesting and worthy.
- ares623 1y agoI was just joining the workforce at that time, so I was unaware of any hype. From my perspective, cloud computing was just "there". Was the hype really comparable to today?