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Just because guys like Bezos got a couple things right which translated to big $$ does not imply they'll be right ever again. AI is 100% not a bubble, if you th
by mondainx 1y ago
Just because guys like Bezos got a couple things right which translated to big $$ does not imply they'll be right ever again. AI is 100% not a bubble, if you think this way, you have not used it. What we have are amazing tools which will only improve over time.
- MattGaiser 1y agoWell, the tools may not be amazing for enough people to be worth the current price or may have arrived too early. At a certain price, everything can be a bubble. 2000 was still a bubble, even if the demise of tech was completely off.
- zippyman55 1y agoLLMs are very powerful and machine learning will produce great things. But the resource demands needed to generate current LLM quality are challenging and I do not see an efficient way forward. This reminds me of the hydronic mining during the California gold rush. Not all that efficient.
- marssaxman 1y agoIt doesn't matter how useful the tools are if the companies providing them don't make enough money to justify their investment. Hundreds of billions of dollars a year are being spent building datacenters which produce only tens of billions of dollars in revenue, and those datacenters are depreciating assets. This cannot continue indefinitely. Is it reasonable to expect the AI industry to be produce revenue at the rate of a trillion dollars a year or so, within the next five years, as it will have to do to avoid a crash? I very much doubt it.