Comment by BrenBarn
1 year ago
A huge part of our problems stems from the fact that it's possible to make "companies" whose business model is built on losing money hand over fist until they've brainwashed everyone into thinking their "product" is good. In a sane world these companies would fail and AI would continue develop through small failures and small successes over a period of years or decades. Instead we get a firehose of nonsense just because a small number of wealthy people are willing to gamble.
On the plus side, if all the AI companies collapse there will be a lot of spare hardware.
Open source projects would have a lot more compute to work with.
That would be nice, but I'm more worried they won't collapse because they'll succeed at shoving their snake oil down the throats of enough big players to ensure their survival.
This is a great point. Now I have extra reason to cheer on the bubble bursting.
This is my thought, sure a lot of VCs will lose a lot of money as they write things off.
But it's not like people are going to throw out all the Nvidia hardware they bought.
And there are ai applications that I can think of that would be viable at 100x cheaper price.