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mylastattempt | 1 year ago
Is the AI "business" or "market" overvalued for it's current capabilities? Yeah, I do believe so. Welcome to the financial world, which is completely separated from reality. It's like that in all sectors where something new and exciting is happening, not just IT or AI. People poor money in hoping to be early enough to make a profit. Nothing more, nothing less. The rest is marketing. Some Sam Altman guy promoting the hell out of his own product? That is literally his job, regardless of wether or not he believes it all.
But articles like these are so bizarre to me. The author acts like he has millions at stake and his money manager just won't listen and pull all investments out of AI. Hurry up, the bubble is about to burst, I will lose all my money!
Except that... they don't. They are just "old man yelling at cloud". If you believe AI is the next Metaverse or WeWork, then it will just die off by itself once the bubble pops. Why are you having so many conversations about it, where you seem to be desperately trying to convince people of the bubble/con that is AI. To the point that you're so sick of it, that you write down your arguments so you can point the blinded there instead of having those tiresome arguments.
Genuinely baffled. Spend your energy on something productive rather than destructive, perhaps?
danroblew|1 year ago
mylastattempt|1 year ago
But why does he act or feel that way? Let the trillions be lost, it's just how hypes, bubbles and the stock market in general work.
pwdisswordfishz|1 year ago
Because that's what AI wa supposed to be in the first place. But the industry performed the swindle of renaming "AI" to "AGI", so that they can pretend the thing that exists now is "AI".