[gfodor]

Do people really buy this nonsense? I mean just this week Sora 2 is creating videos that were unimaginable a few months ago. People writing these screeds at this point to me seem like they’re going through some kind of coping mechanism that has nothing to do with the financials of AI companies and everything to do with their own personal fears around what’s happening with machine intelligence.

[jstanley]

So, wait, you're saying that these guys just aren't impressed by the AI technology, and that is blinding them to the fact that the AI companies' economics look really good?

That is a laughable take.

The AI technology is very very impressive. But that doesn't mean you can recover the hundreds of billions of dollars that you invested in it.

World-changing new technology excites everyone and leads to overinvestment. It's a tale as old as time.

[gfodor]

I’m saying that seeing dubious economics is blinding people from accepting what’s actually going on with neural networks, and it leads to them having a profoundly miscalibrated mental model. This is not like analyzing a typical tech cycle. We are dealing with something here that we don’t really understand and transcends basic models like “it’s just a really good tool.”

[tim333]

Ed's thing seems more to be that he thinks the tech is kind of useless hence the billions put into it are wasted/scammed.

[zapataband2]

lol "unimaginable" aka boring creepy slop that drives engagement on facebook for old people.

[jennyholzer]

I buy it. I perceive you and people who talk like you (read: LLM Boosters) as literal cult members.

[gfodor]

Yeah, I know. It’s weird to admit this kind of obvious error in public though, speaks to a very big epistemological hole on your part.