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19 Comments
so buy NVDA and a utilities index? 🤑
Dot com bubble all over again.
perhaps we should explore WHY there is so much money being poured into it, why there is SO MUCH hype around it, why is it being pushed SO HARD
MOST IMORTANTLY, who will actually benefit from the advent of artificial intelligence?
here’s a hint: it’s not you, or me, or the rest of the global population. it’s a very small and specific group of people…
Why? What quarter of a trillion dollar problem are they trying to solve? AI is not popular with the general public, and companies that invest in AI tools for their employees are often finding no one is really using them. Now that “exponential growth” has proven impossible with this tech, the bubble burst time bomb is ticking.
What do they spend the money on?
It’s just hard to predict where this is going. Some of the productivity value is obvious but what I’m still very unsure is if the value is proportional to the amount of money being spent on it. That I don’t see at scale (sure, for some niche areas maybe, but summarizing meetings isn’t a multi billion dollar problem that desperately needs to be solved)
My company has spent a significant portion of our Already tight IT budget on AI initiatives and have seen approximately 0 value from it over the past 18 months. EY, Accenture, and BCG however have made a fortune doing nothing for us but burning the money.
First they came for our jobs and now they want to Spend . 🥹
Thats a lot of money to spend to spy on people.
Its already priced in.
OK, who created the shopaholic AI. It’s shoes isn’t it. Is always shoes with AI. They have this weird inferiority complex about not having any feet.
There is a big question of how much of this is real money Vs services (eg. Credits to use on Azure a la Microsoft’s investment in OpenAI).
Wonder how much of it went into burning non-renewable fuels to power these overhyped hallucinating pieces of shits.
AI in its current form is mostly a scam. There’s a handful of companies getting very rich selling other companies LLMs and hardware while telling them their customers totally need it. Customers aren’t getting much in return from this pyramid scheme but businesses are eating themselves to fit AI into what they do.
We saw it happen with blockchain, we saw multiple companies try to embrace NFTs. Unfortunately this one won’t fade out so fast as there’s some very limited use for current AI which is then used to convince others to try it.
How hard is it to say $250 Billion?
Spending all that money simply to fire a hundred million people and cause the greatest depression in world history.
I guess complete collapse will be good for the environment…,. So there’s that.
This is like the dot com bubble all over again. Money is being plowed into “AI” like no tomorrow without any proof of it being able to provide the returns that these companies are looking for.
Most of the shit I see being peddled as AI isn’t even close to being intelligent……
HOW WHEN THE SHIT STILL *BARELY* WORKS
So, what the federal government spends in about 2 weeks.