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And yet Google is absolutely killing it and Meta is posting record numbers both attributing a massive amount of current and projected revenue to AI. Meta just

And yet Google is absolutely killing it and Meta is posting record numbers both attributing a massive amount of current and projected revenue to AI. Meta just spent billions to get a B team of AI researchers. The cream of the crop couldn’t be persuaded with 8-10 figure comp packages. This article is absolute garbage.

ekidd 1y ago
Vibe shifts are real. The internet was always valuable, but oh my, did the vibes shift quickly in 2001. We went from "infinite money for painfully stupid ideas" to a near-total freeze on even the best ideas for a few years. The thing about "vibe shifts" is that a big part of the shift occurs among people who have no idea what's going on. They've played with ChatGPT twice, talked about it at parties, and then invested $50,000 in NVIDIA stock. Or they're a corporate VP who doesn't understand this stuff but knows it's trendy and that it impresses the C-suite. When those people bail, the market retrenches hard, trading irrational enthusiasm for equally irrational panic and gloom. My guess is that the highly-visible switch from the sycophantic GPT 4o to the underwhelming GPT 5 is what made this concrete in the minds of the least informed investors and customers.
- fcdradio 1y ago
  Yep, and the thing is that after the dot-com crash we’ve seen another shift where the web has totally transformed society and brought huge value to both everyday people and companies. The value of it wasn’t ColdFusion or Flash, it was the novel ways that people used the foundational tech. So yeah, the AI bubble may burst and one model or another (or a company like OpenAI) may fail, but I don’t think we have even scratched the surface on the novel things this tech can do.
- ml-anon 1y ago
  "Vibe shifts are real" presents no evidence Meanwhile some of the most profitable companies to have ever existed post record profits and gangbusters projections based on AI capabilities.
  - Jensson 1y ago
    > Meanwhile some of the most profitable companies to have ever existed post record profits and gangbusters projections based on AI capabilities. Which companies? You mean NVIDIA? They post record profits due to AI hype, not due to AI capabilities.

ekidd 1y ago

Vibe shifts are real. The internet was always valuable, but oh my, did the vibes shift quickly in 2001. We went from "infinite money for painfully stupid ideas" to a near-total freeze on even the best ideas for a few years. The thing about "vibe shifts" is that a big part of the shift occurs among people who have no idea what's going on. They've played with ChatGPT twice, talked about it at parties, and then invested $50,000 in NVIDIA stock. Or they're a corporate VP who doesn't understand this stuff but knows it's trendy and that it impresses the C-suite. When those people bail, the market retrenches hard, trading irrational enthusiasm for equally irrational panic and gloom. My guess is that the highly-visible switch from the sycophantic GPT 4o to the underwhelming GPT 5 is what made this concrete in the minds of the least informed investors and customers.

fcdradio 1y ago
Yep, and the thing is that after the dot-com crash we’ve seen another shift where the web has totally transformed society and brought huge value to both everyday people and companies. The value of it wasn’t ColdFusion or Flash, it was the novel ways that people used the foundational tech. So yeah, the AI bubble may burst and one model or another (or a company like OpenAI) may fail, but I don’t think we have even scratched the surface on the novel things this tech can do.
ml-anon 1y ago
"Vibe shifts are real" presents no evidence Meanwhile some of the most profitable companies to have ever existed post record profits and gangbusters projections based on AI capabilities.
- Jensson 1y ago
  > Meanwhile some of the most profitable companies to have ever existed post record profits and gangbusters projections based on AI capabilities. Which companies? You mean NVIDIA? They post record profits due to AI hype, not due to AI capabilities.