AI Is Starting to Look Like the Dot Com Bubble

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• InternetTubes@lemmy.world ⁨1⁩ ⁨year⁩ ago

  It isn’t that it’s like the Dot Com bubble, it’s that not all AI matters, just ChatGPT mostly, and not only is it still very much in its inception phase, it’s also still very much a huge risk because of the complete lack of transparency and the ridiculous amount of data retention. Another problem is, it’s so effective, it only takes a few milking it to completely saturate the opportunity market, so good luck holding up the bubble when it’s really one single company with relatively few subscriptions to it.

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  • pexavc@lemmy.world ⁨1⁩ ⁨year⁩ ago

    it’s so effective, it only takes a few milking it to completely saturate the opportunity market

    Yeah, this is the problem. The moment a couple cover each platform. The bubble gets created really fast with the wrapper implementations that follow suit.

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• Suoko@feddit.it ⁨1⁩ ⁨year⁩ ago

  It cant even compare a phone camera sensor to an apsc one. It’s still far behind

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• banneryear1868@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Whatever this iteration of “AI” will be, it has a limit that the VC bubble can’t fulfill. That’s kind of the point though because these VC firms, aided by low interest rates, can just fund whatever tech startup they think has a slight chance of becoming absorbed in to a tech giant. Most of the AI companies right now are going to fail, as long as they do it as cheaply as possible, the VC firms basically skim the shit that floats to the top.

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• DarkMatter_contract@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Dot com is a bubble because some just host a website and got massive fund, same as crypto some just a random similar coin to eth they got massive fund. But Ai now can replace jobs, need massive fund to train so not much similar startup copying and startup barrier is high, also few free money going around at the same time due to interest rate. I think this might just be different.

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  • Ragnell@kbin.social ⁨1⁩ ⁨year⁩ ago

    @DarkMatter_contract It's not that the AI CAN replace jobs, it's that they're gonna use it to replace jobs anyway.

    The burst will come from those companies succeeding and quickly destroying a lot of their customer's businesses in the process.

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• altima_neo@lemmy.zip ⁨1⁩ ⁨year⁩ ago

  What happened to everyone freaking out about AI taking our jobs?

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  • FaceDeer@kbin.social ⁨1⁩ ⁨year⁩ ago

    Based on this article it seems they've moved to the "denial" phase.

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• mojo@lemm.ee ⁨1⁩ ⁨year⁩ ago

  Silicon valley of a disease that will blow up any growing technology where they will turn anything into a bubble. No matter how significant it is or not.

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• TrismegistusMx@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Future spoiled milk post.

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  • Skua@kbin.social ⁨1⁩ ⁨year⁩ ago

    Are you sure? Likening it to the dot com bubble means the tech is never going to make an impact, it means that the behaviour of investors is irrational. After all, the Internet is very much still here and affects our lives enormously, but the dot com bubble also absolutely did burst

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    • TrismegistusMx@lemmy.world ⁨1⁩ ⁨year⁩ ago

      When this bubble bursts, it’s going to transform the entire economy in such a way that we will either all be winners, or we will all be losers.

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• Zuberi@lemmy.world ⁨1⁩ ⁨year⁩ ago

  DRS GME

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• whispering_depths@lemmy.world ⁨1⁩ ⁨year⁩ ago

  interestingly it’s more like investing in Apple stocks in the 90’s.

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• CookieJarObserver@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Ai is a bubble, the question is if it will burst and when it will…

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• iHUNTcriminals@lemm.ee ⁨1⁩ ⁨year⁩ ago

  It’s always the same. They hear about it and then race to rape it to death. God is dead.

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