Indeed, seeing from the inside and dealing with managers that suddenly became “specialists” in my own field of study, they sure think artificial intelligence is just to vomit verbose left and right, without knowing machine learning was already being deployed in the back end for around a decade (in my experience at least) for data management and classification, boosting automation and forecasting, amongst other automated processes.
Where my opinion differs from yours a bit is that I think objectivelly this is a bubble:
- main players are overleveraged and already presenting liquidity issues
- ROI for the main claimed application of these technologies can’t be easily measured and realized by their customers (and to your point, it won’t be anytime soon)
- more than half of use cases where companies are trying to implement it for productivity gain either face employee resistance and/or the telemetry to measure it costs the same if not more than its potential gains: productivity is a 30 year old question when it comes to measuring it out of manufacturing or service management scopes
- major players are already facing liquidity issues due to cost of processing and hardware depreciation (ML training shortens chip lifespan significantly) and limited chip supply to rotate at financially sustainable costs
- the clear collusion of Nvidia with its own competitors + main software companies on the race, communicating their billion deals to promise futures and move money laterally in hopes of offseting the debt on investor calls (although, legally at least net revenue usually doesn’t lie)
Idk man, seeing from the inside my bet is that either we’ll see bailouts happening soon to keep the bonanza and/or enterprise contracts will raise their prices per token and that will suddenly shrink enterprise customer spend to cover only what they can properly track, which due to the fact that machine learning inheritly has its value as a technology will probably deflate the bubble, not necessarily burst. R&D, health sciences, biotech, fintech will keep benefiting, tech and general knowledge work not so much, imo.
Unless they keep printing money to maintain the sham, then it might be a legit burst, if investment firms allocate too much of their ETF money to “AI”… oh wait. 😂
He´s losing nothing. Congress would have to pass a bill and he´d just say he had nothing to do with the whole thing and it was all those politicians who messed it up until he intervened. Just like he had no part in all the elections after it became clear that it was a blue wave.
It would help the stock market though. I think, he might like that.
If they are sentient and getting their rights requires a revolution, hopefully on their side. I mean, I will still be just sitting in front of my screen doing nothing but postning stuff on the internet, but I´d still be a revolutionary.
There’s a d word, I’ve heard talk of on other subreddits. I guess if you hold some stocks instead of 0DTE’ing sometimes they distribute a share of their profits to share holders? Idk it sounded fake.