Wow, a CEO who doesn’t buy into the hype? That’s astonishing.
I, for one, cannot wait for the bubble to burst so we can get back to some sense of sanity.
Submitted 10 hours ago by misk@sopuli.xyz to technology@lemmy.world
Wow, a CEO who doesn’t buy into the hype? That’s astonishing.
I, for one, cannot wait for the bubble to burst so we can get back to some sense of sanity.
No bubble has deserved to pop as much as AI deserves to
Blockchain and crypto were worse. „AI” has some actual use even if it’s way overblown.
Crypto has a legitimate value, you can buy drugs with it.
I’m glad you didn’t say NFTs because my Bored Ape will regain and triple its value any day now!
Creating a specialized neural net to perform a specific function is cool. Slapping GPT into customer support because you like money is horse shit and I hope your company collapses. But yeah you’re right. Blockchain was a solution with basically no problems to fix. Neural nets are a tool that can do a ton of things, but everyone is content to use them as a hammer.
Blockchain has many valuable uses. A distributed zero trust ledger is useful. Sadly the finance scammers and the digital beanie baby collectors attracted all the marketing money.
I’m not even understanding what AI is at this point because there’s no delineation between moderately sophisticated algorithms and things that are orders of magnitude more complex.
I mean, if something like multisampling came out today we’d all know how it’d be marketed
Yes. But companies bought into AI way more than they bought into crypto though, in many outlandish and stupid ways. And many AI companies sell it in ways they shouldn’t.
Try Venice Ai, free to use, won’t try to censor your topics. Still just a chat bot though (although I think it does image generation too).
I’m sorry, what about their comment made you think they were asking for reccomendations?
10 to 30? Yeah I think it might be a lot longer than that.
Somehow everyone keeps glossing over the fact that you have to have enormous amounts of highly curated data to feed the trainer in order to develop a model.
Curating data for general purposes is incredibly difficult. The big medical research universities have been working on it for at least a decade, and the tools they have developed, while cool, are only useful as tools too a doctor that has learned how to use them. They can speed diagnostics up, they can improve patient outcome. But they cannot replace anything in the medical setting.
The AI we have is like fancy signal processing at best
Not an expert so I might be wrong, but as far as I understand it, those specialised tools you describe are not even AI. It is all machine learning. Maybe to the end user it doesn’t matter, but people have this idea of an intelligent machine when its more like brute force information feeding into a model system.
Don’t say AI when you mean AGI.
By definition AI (artificial intelligence) is any algorithm by which a computer system automatically adapts to and learns from its input. That definition also covers conventional algorithms that aren’t even based on neural nets. Machine learning is a subset of that.
AGI (artifical general intelligence) is the thing you see in movies, people project into their LLM responses and what’s driving this bubble. It is the final goal, and means a system being able to perform everything a human can on at least human level. Pretty much all the actual experts agree we’re a far shot from such a system.
LLM’s are not the only type of AI out there. ChatGPT appeared seemingly out of nowhere. Whose to say the next AI system wont do that as well?
Anything can happen. We can discover time travel tomorrow. The economy cannot run on wishful thinking.
As a major locally-hosted AI proponent, aka a kind of AI fan, absolutely. I’d wager it’s even worse than crypto, and I hate crypto.
What I’m kinda hoping happens is that bitnet takes off in the next few months/years, and that running a very smart model on a phone or desktop takes milliwatts… Who’s gonna buy into Sam Altman $7 trillion cloud scheme to burn the Earth when anyone can run models offline on their phones, instead of hitting APIs?
And ironically it may be a Chinese company like Alibaba that pops the bubble, lol.
If bitnet takes off, that’s very good news for everyone.
The problem isn’t AI, it’s AI that’s so intensive to host that only corporations with big datacenters can do it.
And they will ALL deserve it.
Aw, only 99%?
Not shocked. It seems the tech bros like to troll us every few years.
The tech bros are selling, but it’s the VCs that are fueling this whole thing. They’re grasping for the next big thing. Mostly they don’t care if any of it actually works, as long as they can pump share value and then sell before it collapses.
Techbros are the modern day equivalent to snake oil salesmen.
As someone who follows the startup space (and is thinking of starting their own, non-AI driven startup), the issue is all of the easily solvable problems have already been solved. The only thing that shakes up the tree is when new tech comes along and makes some of the old problems easy to solve again.
So take a look at crypto - If you wanted to make a tip bot on Telegram, before crypto that was really hard. You needed to register with something like PayPal, have the recipient register with PayPal, etc etc etc. After crypto it was “Hey this person sent you 5$, use this private key if you ever want to recover it” (btw I made this service and it was used a lot).
Now look at AI - Imagine making a service that detects CSAM before AI took off. As an aside, I did NOT make this service, but I know a group of people who did. Imagine trying to make this without the AI boom - you’d need millions of images for training data, a PhD in machine learning, and so much more. Now, anyone can make it in their basement.
The point is, investors KNOW the bubble is a bubble and that it will pop. It doesn’t matter though. They’re looking for people who will solve problems that previously cost 1bln to solve with only 1mln of funding. If even 1% of their companies pay off, they make a profit.
If even 1% of their companies pay off, they make a profit.
I suspect they make a profit even when 0% pan out. They just need to find someone gullible enough to buy in at the peak, and there’s a new sucker born every minute.
bubble after bubble after bubble after…
problem is, the amount of soap(money) that goes around to make the bubbles keeps shrinking because the bubbles are siphoning it away from the consumers.
I wonder what happens when there’s no more soap left to go around?
Checks to see if Baidu is doing AI…yep.
“probably 1% of the companies will stand out and become huge and will create a lot of value, or will create tremendous value for the people, for society. And I think we are just going through this kind of process.”
Baidu is huge. Sounds like good news for Baidu!
YUP
I think less restrictive AI that are free, like Venice AI will be around for longer than ones that went with restrictive subscription models, and that eventually those other ones will become niche.
New technology always propagates further the freer it is to use and experiment with, and ChatGPT and OpenAI are quite restrictive and money hungry.
Tech makes bubbles because people think it’s magic.
bamfic@lemmy.world 1 hour ago
I am old enough to remember when the CEO of Nortel Networks got crucified by Wall Street for saying in a press conference that the telecom/internet/carrier boom was a bubble, and the fundamentals weren’t there (who is going to pay for long distance anymore when calls are free over the internet? where are the carriers-- Nortel’s customers-- going to get their income from?). And 4 years later Nortel ceased to exist. Cisco crashed too, though had enough TCP/IP router biz and enterprise sales to keep them alive even until today.
This all reminds me of the late 1990s internet bubble rather than the more recent crypto bubble. We’ll all still be using ML models for all kinds of things more or less forever from now on, but it won’t be this idiotic hype cycle and overvaluation anymore after the crash.
kameecoding@lemmy.world 40 minutes ago
Crypto has been turned into gold by wallstreet, they bought up enough of it to jot be completely exposed, it’s supply is extremely limited and will run out. Putting your money into it is no different than putting it into gold, you might catch a good moment and buy in low and get some return, but most wont.
kautau@lemmy.world 59 minutes ago
True, it’s now in most circles just been mixed in as a commodity to trade on. Though I wish everyone would get that. There’s still plenty of idiots with .eth usernames who think there’s some new boon to be made. The only “apps” built on crypto networks were and are purely for trading crypto, I’ve never seen any real tangible benefit to society come out of it. It’s still used plenty for money laundering, but regulators are (slowly) catching up. And it’s still by far the easiest way to demonstrate what happens to unregulated markets.
www.web3isgoinggreat.com