Ugly Numbers from Microsoft and ChatGPT Reveal that AI Demand is Already Shrinking

The only areas where AI is flourishing are shamming, spamming & scamming

The Honest Broker
@filippie509 I wonder if AI doomerism backfired. It definitely got people’s attention, and may help with the regulatory capture, but it also gets you this.
@filippie509 I further wonder if we haven’t extended toward Sam Altman a bit of the Trump fallacy, assuming anything they do that seems irrational or counterintuitive must be some strategic master stroke. (Like, openly pitching your consumer product as the harbinger of mass unemployment / baby Skynet)
@misc @filippie509 Every time VCs say stupid stuff (which is *a lot*) I think about this Matt Levine snippet and conclude that maybe they’re actually good at their job.
@harris @misc @filippie509 They’re vapid hype generators. Designing technology isn’t the goal. Selling a grift to another investor is the only skill. It’s all about the exit.
@PeoriaBummer @harris @filippie509 I think you might both be saying similar things with different emphases? I assume that whatever VCs are doing, it's largely working out for them. Sam Altman is no longer a VC though. Maybe old habits die hard.

@misc @harris @filippie509 Yep. I was emphatically agreeing.

Of course it works out for them. For the rest of us, not so much.

@filippie509 AI will, I am sure, be used in customer facing functions for large cooperations, primarily in the complaints department. For many many years now, the primary goal here was to create a system where it is impossible for the customer to talk to anybody with any sort of responsibility. AI will be perfect for that.
@filippie509 how long are investors ready to wait for the return of investment?
@UlrichJunker depends on the time value of money. With zero percent interest rate it is „forever”

@filippie509 @UlrichJunker

They are selling "intelligence" there is none there just autocomplete. I want to use it to help with research. I formulate a question it spits out what would be an average response which gives me clues to more questions.

It quickly becomes obvious that it does not "know" anything or has any ability to follow beyond a skin deep interaction. It could be worth a user fee but first AI sellers have to ditch the pretense and built tools that make it useful for what it is