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The parent comment referred to AI as a bubble, and what you're describing I would not call a bubble.
by bwhiting2356 5mo ago
The parent comment referred to AI as a bubble, and what you're describing I would not call a bubble.
- mannanj 5mo agoYou would not, and I would say what I am saying doesn't support nor deny a bubble's existence. I think that would be an error in thinking to conclude what I said supports bubbles.
- overgard 5mo agoI call AI a bubble because none of the finances make any sense. Everyone save for nvidia is losing money at an absurd rate (Anthropics "profitable" quarter is basically an accounting trick, not a real change). Circular financing is well known by everyone paying attention.
- bwhiting2356 5mo agoValid. That's also what I would call a bubble. But if this prediction is true, that not enough people will buy their tokens to meet their projections, then it also won't be automating away everyone's jobs. That's the contradiction.