the fact that so many people are talking about an AI bubble makes me think it's not a bubble
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circularity will break the camel's back
NARRATOR:
IT WASN'T
the fact that so many people are talking about an AI bubble makes me think it's not a bubble
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AI is clearly useful but not perfect, I don't know why some people find this hard to understand
Something I've been thinking about too
An LLM would tell you you are absolutely right and congratulate you on your insight.
30 seconds looking at the underlying financials then reflecting on the quality of your experience should be all it takes to see the truth.
.com was a bubble, but the web is bigger than ever.
Also, 'not perfect' is more important than you make it sound. There are worlds of difference between 99%, 99,9%, 99,99% etc. accuracy; and general perception is easily fooled with 99%, whilst 99,999% might actually be needed for a thing to be viable...a level it might never reach for a bunch of reasons.
Yeah you’re on to something
business models take time to materialize
the dot com bubble also had people saying it was a bubble and it was in fact a bubble
I think this bubble, like the dot com bubble, just means an overinvestment in something that is truly going to be life changing. Bubbles like this pop when enough time has passed for investors to start analyzing cash flows and they realize they won't be able to get the returns they were hoping for / won't be able to get the returns fast enough and start diverting away + selling
LLM's just like "bLoCkChAiN" have a limited use case but hyped up investors are trying to shoehorn it in everywhere
Throw $1t at it and figure out how to profit later. That is some fiat AF thinking.
The internet was a real thing with real potential and value. Over-investment in the good ideas and malinvestment in the "they said internet we're sure to get rich" bad ideas still caused the dotcom bubble in an otherwise valid market.
If you can't see how it can be both a bubble and a valid useful long term market you haven't fully grasped how fiat easy money breaks markets yet.
Top tier is 80% accuracy right now.
Bingo. Easy fiat money thrown at every project that says AI in their presentation = bubble even if they are useful and have a future.
Its a scapegoat
If it's as good as they say, the deflationary impact itself is a threat to the system. If it's not as good as they say, it's likely overvalued.
Either way it's probably bad for the dollar and the funding mechanisms...
Yeah, I use LLMs as part of processing pipelines and it's a game changer...
Who could have seen it coming? 😂
the fact that so many people are talking about an AI bubble makes me think it's planted reason for next market crash, so the banksters are justified to use bazooka printer.
Sure but you just have to understand its limitations just like any tool or power