I still have yet had anyone be able to tell me exactly what value AI brings to the table, other than as customer facing chat bots they can use while firing their actual CS departments
That’s ridiculous. It’s possible to recognize the technology has many good uses, but complain how it has been hyped too much.
For example: AI-driven materials discovery uses machine learning to analyze chemicals and materials, allowing scientists to find and design new compounds much faster than humans could through traditional trial and error.
The current hype and the massive investments are about generative AI, not the actually-useful-for-humanity applications.
Image recognition, medical research etc. are not drives the current market. It’s about offering a service that the broad masses use continuously. Otherwise these investments don’t make sense.
But I guess all they could think of was Chatbots. It just shows that very few people actually know what AI is doing beyond what they see in the news. I’m not thrilled how the rollout is going of course, but I recognize that there are good aspects
I was reading a synopsis of the amount of expected AI revenue (@90B/yr) vs the capital outlay to reach that point (@1T) on assets that depreciate far faster than other capital assets, usually in 18 - 36 months. There is no way for this to be a sustainable business with that sort of economics.
We’re seeing inference costs skyrocketing because the expected reductions in tokens with greater LLM efficiency and better models needed isn’t happening at anything close to the curve that was expected. IE: AGI isn’t happening, it’s not going to happen, and unless it does, the models aren’t going to get exponentially better as is needed to make this all work.
So the AI companies make money selling rocks to each other in the desert, and someone is going to be left holding the bag. Guess who that’s going to be? Privatize the profits and socialize the losses.
Unsurprisingly, a guy that should probably have retired about 20 years ago is getting smoke blown up his ass by his advisors about a technology he hasn’t the foggiest clue about.
