I see lots of talk on Lemmy about the AI bubble bursting. That AGI isn’t going to happen in the near-term, maybe it won’t ever happen. And so the the AI bubble will burst; ala the dot-com bubble.
But what exactly will burst? OpenAI and Claude? Those are private companies so maybe they will downsize or merge, but that’s not a bubble? NVIDIA & Microsoft? I don’t really see those companies imploding. They have a pretty large and diversified customer base. Besides, Apple and AWS are already moving away from NVIDIA by making their own hardware. I genuinely don’t understand where the big implosion is. Can someone help me understand this?
ETA: Is there an example analogous to pets.com for this AI bubble?
there’s a lot of AI based startups promising their investors all sorts of outlandish results. eventually it’s going to become clear that those results are not coming the investors will come calling.
It’s extra frustrating for those of us working in companies where ML is actually a useful tool that we’ve been leveraging for years.
I remember when I was arguing “It’s not ‘learning’, it’s algebra”.
Now the hype has gone from learning to intelligence.
It’s still algebra.
Well yeah - but technically everything is just algebra.
If it happens on a computer, it can be expressed in s expressions.
Sure, but I do think there’s a difference between your message arriving here, and MNIST recognition algorithms.
Yes. They don’t have to be public companies for investors to lose their shirts, and employees to lose their jobs.