It’s not craze. It’s technology shift. Bitcoin and 3D printing were craze. It’s like a move from analog photography to digital. I am telling you this as a very conservative person. Even for me it’s helpful.
3D printing is helpful too. The infrastructure created during the dot-com bubble of the late 1990s was also helpful. The UK is still profiting from the railway infrastructure created during the railway craze of the 1840s (https://en.wikipedia.org/wiki/Railway_Mania). The question is just how much of the valuation of AI companies is because they are useful and how much is speculation...
That's certainly a take, industry loves it. Sure, all that "everybody will print widgets at home instead of going to the store" stuff was never going to happen, but 3d printing is nonetheless here to stay.
It can be both a craze and a technology shift. AI isn't going away, it will transform some industries. But right now it's overhyped, overfunded and due a trip back to reality.
It most definitely COULD be a craze from the perspective of scope of investment, societal impact and timing. No one surfing the crest of this wave could be described as "conservative".
What bitcoin gave us essentially? Huge pump and dump schemes coordinated by big hands? Crypto investments which made 95% of investors poorer? What's left?
Maybe 0.01% of it was beneficial.
Personally at this point my combined AI spend is the most expensive recurring monthly subscription I have, and that’s even with my company also paying for the AI tools I use at work.
If it weren’t subsidized I would pay more. Wouldn’t be happy about it but I would do it.
At this stage in the game I don’t really understand where this skepticism of the value these tools provides comes from.
"Don't be curmudgeonly. Thoughtful criticism is fine, but please don't be rigidly or generically negative."
https://news.ycombinator.com/newsguidelines.html
It’s not craze. It’s technology shift. Bitcoin and 3D printing were craze. It’s like a move from analog photography to digital. I am telling you this as a very conservative person. Even for me it’s helpful.
3D printing is helpful too. The infrastructure created during the dot-com bubble of the late 1990s was also helpful. The UK is still profiting from the railway infrastructure created during the railway craze of the 1840s (https://en.wikipedia.org/wiki/Railway_Mania). The question is just how much of the valuation of AI companies is because they are useful and how much is speculation...
3D printing has a CAGR of 18-25%, not exactly 'were craze'
> 3D printing were craze
That's certainly a take, industry loves it. Sure, all that "everybody will print widgets at home instead of going to the store" stuff was never going to happen, but 3d printing is nonetheless here to stay.
I do not long back to the days of reused boxes and ducktape as homes for my electronics. It's here to stay.
It's a manufacturing technique that is helpful for prototyping and makes sense some types of small scale manufacturing.
But it's not magical, and not much different to injection moulding or something in concept.
Almost everything created with home level 3d printers is plastic junk you can buy for a few dollars on aliexpress (without weird rough edges).
It can be both a craze and a technology shift. AI isn't going away, it will transform some industries. But right now it's overhyped, overfunded and due a trip back to reality.
It most definitely COULD be a craze from the perspective of scope of investment, societal impact and timing. No one surfing the crest of this wave could be described as "conservative".
> It’s not craze. It’s technology shift.
It is a bubble with extreme levels of debt + funding from too many promises from companies that are in these sort of rounds.
People being consumed by the hype will also be completely consumed by the crash.
Comments like this is exactly how a 2000 and a 2008 style crash will happen.
> Bitcoin and 3D printing were craze.
What bitcoin gave us essentially? Huge pump and dump schemes coordinated by big hands? Crypto investments which made 95% of investors poorer? What's left? Maybe 0.01% of it was beneficial.
Freedom from overregulated and antiquated retail banking especially wrt cross-border transfers.
I guess it isn't that noticeable from inside US, but the rest of the world is grateful.
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So how much are you willing to pay for it?
Personally at this point my combined AI spend is the most expensive recurring monthly subscription I have, and that’s even with my company also paying for the AI tools I use at work.
If it weren’t subsidized I would pay more. Wouldn’t be happy about it but I would do it.
At this stage in the game I don’t really understand where this skepticism of the value these tools provides comes from.
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20 bucks a month
"This time it's different!"