The more I learn about AI the more I feel like it’s another dot-com bubble.
LLMs and generative AI are such multifaceted systems that saying “this is for AI” is like saying “this is for the WWW”
Databases, interfaces, storage, networking. All are used in AI but if you just say you make a database and not and “AI database” you’ll lose out on investors.
It’s a bit like the gold rush in that everyone is so fixated on the gold that they don’t see the real economic boom is selling the shovels and building the trains.
That's because it is another bubble. They're all bubbles IMO. Since the boom of the internet they've all been scrambling from one fools gold rush to the next. Crypto, nft, metaverse, AI. Heel even social media that was given freely isn't returning the expected investments and that's why they're all enshitiffying.
That’s the thing though, free social media was giving them massive returns. But the line must go up. And once they completely saturated the market, there are only two ways to make the line go up: expand the market (give Internet to communities that didn’t have it), or extract more money from your existing users (enshittify). Facebook made a half assed attempt at the first one for a couple years, then pivoted hard to the second.
qaz@lemmy.world 5 weeks ago
The AI advertising is just a symptom of the underlying issue; VC funding.
Semi_Hemi_Demigod@lemmy.world 5 weeks ago
The more I learn about AI the more I feel like it’s another dot-com bubble.
LLMs and generative AI are such multifaceted systems that saying “this is for AI” is like saying “this is for the WWW”
Databases, interfaces, storage, networking. All are used in AI but if you just say you make a database and not and “AI database” you’ll lose out on investors.
It’s a bit like the gold rush in that everyone is so fixated on the gold that they don’t see the real economic boom is selling the shovels and building the trains.
ozoned@piefed.social 5 weeks ago
That's because it is another bubble. They're all bubbles IMO. Since the boom of the internet they've all been scrambling from one fools gold rush to the next. Crypto, nft, metaverse, AI. Heel even social media that was given freely isn't returning the expected investments and that's why they're all enshitiffying.
hperrin@lemmy.ca 5 weeks ago
That’s the thing though, free social media was giving them massive returns. But the line must go up. And once they completely saturated the market, there are only two ways to make the line go up: expand the market (give Internet to communities that didn’t have it), or extract more money from your existing users (enshittify). Facebook made a half assed attempt at the first one for a couple years, then pivoted hard to the second.
Aux@feddit.uk 5 weeks ago
People have been using AI tech for decades. It’s just marketing terms come and go.
underline960@sh.itjust.works 5 weeks ago
There’s your other problem right there.
catloaf@lemm.ee 5 weeks ago
Looks like it’s Michael Dell.
Investors include Intel (Pat Gelsinger, net worth ~112m) and Dell (Michael Dell, ~112b).
tuckerm@feddit.online 5 weeks ago
Yeah, a few years ago they advertised themselves as the perfect storage solution for blockchain projects.
phoenixz@lemmy.ca 5 weeks ago
VC?
AbidanYre@lemmy.world 5 weeks ago
Venture capital