Comment by dogcomplex
2 days ago
Of course many people are going to collectively lose trillions, AI's a very highly hyped industry with people racing into it without an intellectual edge and any temporary achievement by any one company will be quickly replicated and undercut by another using the same tools. Economic success of the individuals swarming on a new technology is not a guarantee whatsoever, nor is it an indicator of the impact of the technology.
Just like the dotcom bubble, AI is gonna hit, make a few companies stinking rich, and make the vast majority (of both AI-chasing and legacy) companies bankrupt. And it's gonna rewire the way everything else operates too.
Dollars are not lost; they are just very indirectly invested into gpu makers (and energy providers)
>it's gonna rewire the way everything else operates too.
This is the part that I think a lot of very tech literate people don't seem to get. I see people all the time essentially saying 'AI is just autocomplete' or pointing out that some vaporware ai company is a scam so surely everyone is.
A lot of it is scams and flash in the pan. But a few of them are going to transform our lives in ways we probably don't even anticipate yet, for good and bad.
I’m not so sure it’s going to even do that much. People are currently happy to use LLM’s, but the outputs aren’t accurate and don’t seem to be improving quickly.
A YouTuber watch regularly includes questions they asked Chat GPT and very single time there’s a detailed response in the comments showing how the output is wildly wrong from multiple mistakes.
I suspect the backlash from disgruntled users is going to hit the industry hard and these models are still extremely expensive to keep updated.
Using function calls for correct answer lookup already practically eliminates this, it's not wide spread yet, but the ease of doing it is already practical for many.
New models aren't being trained specifically on single answers which will only help.
The expense for the larger models is something to be concerned about. Small models with function calls is already great, especially if you narrow down what they are being used for. Not seeing their utility is just a lack of imagination.
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