The thing I find most suspicious/fishy/smelly about all the current hype around Stable Diffusion and ChatGPT is that it follows, as night follows day, about six months after the bottom dropped out of the cryptocurrency scam bubble.
This is not a coincidence.
Hucksters are chasing the sweet VC/private equity money that has been flushed out of crypto, and AI is the new hotness all of a sudden.
If you're thinking about investing now? Don't: it's too late and you'll be the target of a grift.
Update from comments: I'm SURE it's just a coincidence that training neural networks and mining cryptocurrencies are both applications that benefit from very large arrays of GPUs.
If *I* was a VC I'd be hiring complexity theory nerds to figure out what areas of research are promising once you have Yottaflops of numerical processing power available, then place bets on AMD, Nvidia, and (maybe) Intel going there and start seeding the field and hiring PR firms.
@cstross VCs have been investing in AI startups for years now - I know because I’ve worked at them for the past 5 years.
What you’re seeing is hype followers, grifters, and the VCs that fall into those first two categories glomming on to the next thing, which is just a questionable, exceptionally resource-hogging subset of AI, not AI as a whole.
Charlie Stross
erisianrite