My message is aimed at the anti AI crowd. Yes, there is a bit of a bubble right now, but AI progress will continue and it will become part of our daily lives just like the internet transformed how we live.
People talk about the AI bubble like it’s going to burst and everything will just go back to normal and we’ll all frolick in the fields holding hands. That’s really stupid.
Some people do, and certainly those people are poorly informed.
Most people talking about the AI bubble are focussed on the gargantuan amounts of money being invested to build out datacentres, relying on the future value of inference.
As in, right now n inference tokens is worth $y.
Investment is occurring on the basis that in the future everyone will need nx tokens.
The actual amount of x is the problem. If it’s less than investors are hoping, and it almost certainly is, then the bubble will pop and suddenly all that investment money is lost.
A catastrophic economic outcome.
However, you’re correct that the chatbots of today will survive the coming economic storm.
No shit it’s here to stay. How it’s executed is straight fucking trash and fucking our planet worse than it already is! With all the renewables like wind, solar, hydro, and add nuclear, we could be independent of oil and gas and then build out AI more when it’s matured and more efficient.
My message is aimed at the anti AI crowd. Yes, there is a bit of a bubble right now, but AI progress will continue and it will become part of our daily lives just like the internet transformed how we live.
“Bubble” refers specifically to overvalued assets.
Cisco, telcos, etc were over valued once too.
I’m not quite sure what your point is there.
For every pre-dotcom tech company you can name that was “over valued once” there are dozens you can’t name because they collapsed.
To your broader point, I agree that AI is here to stay, but the current hype is BS.
Regardless, your use of the term bubble is incorrect.
People talk about the AI bubble like it’s going to burst and everything will just go back to normal and we’ll all frolick in the fields holding hands. That’s really stupid.
Some people do, and certainly those people are poorly informed.
Most people talking about the AI bubble are focussed on the gargantuan amounts of money being invested to build out datacentres, relying on the future value of inference.
As in, right now n inference tokens is worth $y.
Investment is occurring on the basis that in the future everyone will need nx tokens.
The actual amount of x is the problem. If it’s less than investors are hoping, and it almost certainly is, then the bubble will pop and suddenly all that investment money is lost.
A catastrophic economic outcome.
However, you’re correct that the chatbots of today will survive the coming economic storm.
No shit it’s here to stay. How it’s executed is straight fucking trash and fucking our planet worse than it already is! With all the renewables like wind, solar, hydro, and add nuclear, we could be independent of oil and gas and then build out AI more when it’s matured and more efficient.
I don’t disagree.
Lol