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If it's a bubble, why do you care about frontier models?
by fastball 3mo ago
If it's a bubble, why do you care about frontier models?
- FpUser 3mo agoInternet was a bubble, so was telecom etc. at some point. Being bubble does not mean that when 90% of investments go down the drain the remains are not useful.
- fastball 3mo ago"The Internet" was not a bubble. Companies with no long-term business model / sufficient product-market fit that were riding hype were the "dotcom bubble". But when those companies crashed, nobody said "I really want to get my hands on their IP", because it wasn't valuable – an important pre-requisite to the the bubble popping. Seems to be a different case here if people actually want the SOTA models.
- A1kmm 3mo agoA bubble just means it is overvalued beyond it's true fundamentals due to speculation on speculation. The underlying asset can still have value, just less than the market price. Consider Cisco. On the 31st of March, 2000, it was valued at US$77.31 / share, which in inflation adjusted terms is $150.46 (above the current price over 26 years later). This valuation was on the basis of speculation that the price would continue to go up and Cisco would get a large cut of the industry profits. Cisco's business is still valuable, it was just treated as overvalued by the market. Similarly, if we go back to one of the classic examples of a bubble - consider Dutch tulip prices in 1636; speculation drove future contracts high. But tulips still have value to people today, it's just the price was higher than was sustainable.
- mr_toad 3mo agoRailways were both a bubble and, eventually, one of the most significant technological innovations in history.
- emdash 3mo agoIf we had the dotcom bubble, why are you still on the Internet?
- fastball 3mo agoI never wanted the IP from dotcom bubble companies.
- ThrowawayTestr 3mo agoBecause they're useful