Comment by pseudosavant
11 days ago
What is going on with AI right now could be a bubble just like there was the dotcom bubble. But it isn't like the internet went away after the dotcom burst. The largest companies in existence today are internet companies or have products that wouldn't make sense without the internet.
Sure, many of these "thin prompt wrapper around the OpenAI API" product "businesses" will all be gone within a few years. But AI? That is going to be here indefinitely.
The bubble is in the valuations on the stock market, not in the technology.
And their promises.
The "it'll make all your devs 6x as productive by the end of the year" types of promises. But those probably explain the valuations
Yeah, Sam Altman’s recent one saying that his LLMs would “cure cancer” if they built enough data centres was also a winner.
8 replies →
Thats not true actually.
The technology - for what it is being used vs what is invested - does not match up at all. This is what happened to the dot-com bubble. Theres was a whole bunch of innovation that was needed to come to bring a delightful UX to bring swathes of people onto the internet.
So far this is true about LLMs. Could this change? Sure. Will it change meaningful? Personally I dont believe so.
The internet at its core was all about hooking up computers so they they could transform from just computational beasts to communication. There was a tremendous amount of potentitial that was very very real. It just so happens if computers can communicate we can do a whole bunch of stuff - as is going on today.
What are LLMS? Can someone please explain in a succint way...? Im yet to see something super crystal clear.
AI has been here well before transformers. Please, let's not pretend that AI started with LLM chatbots.
Things like recommendations, ads, and search will always be around because they were money printers before VCs found out about AI and they will continue to be long after.
This is always a bad take.
The dotcom bubble was not about "the internet" itself. The Internet was fine and pretty much already proven as a very useful communication tool. It was about business that made absolutely no sense getting extremely high valuations just because they operated - however vaguely - over the internet.
Generative AI have never reached the level of usability of the Internet itself, and likely never will.