Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops
Gorilladrums@lemmy.world 2 days agoI don’t see a future with big AI modrls like Meta AI, chatGPT, or Copilot going away those and others like them are used by people. But things like Meta’s new all AI app or things of that nature as well as the tens of thousands of the empty startup AI companies are what’s going to disappear. They’re products that nobody wants or uses, and they’re only there to inflate stock valuations. That’s where the bubble lies. The tech is here to stay, but only in cases where it’s actually used.
ilinamorato@lemmy.world 2 days ago
Well, the market will definitely contract. I would say at least one of the big AI players will go out of business or be acquired by a competitor over the next few years, and at least one of the big tech corps will sunset their AI model over that timescale as well. Nvidia stock is going to take a steep nosedive. I think the future for consumer AI is mostly in small, quick models; except for in research and data analysis, where just a few big players will be able to provide the services that most uses require.
They currently have enough money to keep going for a while if they play their cards right, but once investors realize that the endgame doesn’t have much to offer them, the money will stop flowing.