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There is still a demand for these tools. I know they are useful to me. Do they make me more productive as a software engineer? Probably not, at least not signif

There is still a demand for these tools. I know they are useful to me. Do they make me more productive as a software engineer? Probably not, at least not significantly. But they're still useful, especially for little tools and one-off scripts which are not intended to become production code anywhere. I also just enjoy using them for bouncing ideas off of them and doing sanity checks on all sorts of topics, personal and work-related. Sometimes they spark a better idea that I may not have had otherwise. I will still be using them after the bubble bursts. That being said, I'm also fine if all the current AI companies implode and I'm just running an OSS model locally.

Gigachad 1y ago
That’s still not good enough. Being a mildly good idea assistant doesn’t come close to paying for the investment spent and valuations of these companies. It’s all bet on completely changing everything. And if that doesn’t happen soon, the valuations are going to crash bad. And since the entire US economy is being propped up by AI investing, it’s going to be a disaster.
rhetocj23 1y ago
The problem with this is, what you are using it for is not commensurate to what has been invested. In other words, to date, the investment has not been productive for society and doesnt seem to be on track to deliver what has been promised.
oblio 1y ago
Automating "little tools and one-off scripts" doesn't pay for $40bn of extra data centers (and that's just one provider), though.
- rhetocj23 1y ago
  Yeah. For example I use chatgpt to refine my thoughts and dig deeper into ideas (to get my brain thinking by interacting with a machine with knowledge). But is this worthy of all the investment done? Absolutely not. Would I pay for this service? Nah. Personally I am incredibly sensitive to changes in price - I wouldnt pay a penny and thus my demand would disappear. Im sure there are others who find more value from it, however, I dont think that group of people is enough to get OAI to be free cash flow to the firm positive any time soon. Note this is not accounting profit - FCFF takes into account reinvestment, and is the cash profits left after.

Gigachad 1y ago

That’s still not good enough. Being a mildly good idea assistant doesn’t come close to paying for the investment spent and valuations of these companies. It’s all bet on completely changing everything. And if that doesn’t happen soon, the valuations are going to crash bad. And since the entire US economy is being propped up by AI investing, it’s going to be a disaster.

rhetocj23 1y ago

The problem with this is, what you are using it for is not commensurate to what has been invested. In other words, to date, the investment has not been productive for society and doesnt seem to be on track to deliver what has been promised.

oblio 1y ago

Automating "little tools and one-off scripts" doesn't pay for $40bn of extra data centers (and that's just one provider), though.

rhetocj23 1y ago
Yeah. For example I use chatgpt to refine my thoughts and dig deeper into ideas (to get my brain thinking by interacting with a machine with knowledge). But is this worthy of all the investment done? Absolutely not. Would I pay for this service? Nah. Personally I am incredibly sensitive to changes in price - I wouldnt pay a penny and thus my demand would disappear. Im sure there are others who find more value from it, however, I dont think that group of people is enough to get OAI to be free cash flow to the firm positive any time soon. Note this is not accounting profit - FCFF takes into account reinvestment, and is the cash profits left after.