3 ms·
Not the first to notice this I'm sure but it feels like there's an insane amount of pressure pushing capital towards anything with a hint of AI legitimacy. It's
by gbnwl 5mo ago
Not the first to notice this I'm sure but it feels like there's an insane amount of pressure pushing capital towards anything with a hint of AI legitimacy. It's as if asset owners across the planet have come to a consensus that the only industry that will matter going forward is this one (fair enough I guess), but this intense systemic pressure squeezes insane amounts of money toward litearlly any AI shaped outlet that opens up. It's just starting to feel like "scared and desperate" money more than "smart money".
- iqp 5mo ago> the only industry that will matter going forward is this one (fair enough I guess) Housing, healthcare, and food production all spring to mind as industries that matter waaaay more than AI! (≧ᗜ≦)
- FuckButtons 5mo agoNot if all human labor becomes surplus to requirements.
- subscribed 5mo agoMy bet is on ultra greedy trying to find the cure for death. They need best models for that.
- tim333 5mo agoHave AI robots provide those?
- johntash 5mo agoMatter more to who though? Probably not the people making most of the profits :)
- ktallett 5mo agoIs it not a case of many funders don't want to risk missing out on the next big thing? And a loss of a few billion now is better than the loss of many billions down the line and control of the future?
- gbnwl 5mo agoOf course the motivation makes sense on the surface. What I'm getting at is that the supply of capital vs the supply of potential "control of the future" plays feels incredibly imbalanced. Money seems to be so desperate to move into AI it's lost all prudence (the particular people and company mentioned in the OP nonwithstanding, maybe they do deserve 1B). "not wanting to risk missing out" is essentially just FOMO right? "Smart" money has feels more like FOMO money these days. We literally have shoe companies savying they're going to pivot to AI and having their market cap increase in multiples as reward.
- ktallett 5mo agoI don't think Silicon Valley has been smart money for a decade plus. Quantum Computing is becoming the exact same with academic and government funding. With a lot of cash being spent on long shots or no hopers.
- rglover 5mo agoMass mimetic movements typically fail to sustain long-term. The tech isn't going away, but a lot of the people betting their next move on it will.