Eniko Fox"AI is here to stay": never backed by any actual evidence
"AI is a bubble": backed by the actual economics playing out in the real world
Sjoerd Stendahl@eniko It **A**in't **I**nevitable. (not sure if the markdown gets rendered)
Last line from Luke Nickle's latest living rent-free in my mind: https://www.youtube.com/watch?v=Z_mzYS-ET8o
There will be some residue when this pops, I don't think the technique will disappear from the face of the earth. But the fact that it's still a fringe opinion to call the most obvious bubble in my lifetime for what it is, is just baffling to me.
F**k Your AI
@eniko
Expenditures: >650 bln per year
Revenue: <60 bln per year.
And that revenue includes the 10 bln that Microsoft hands to OpenAI and OpenAI hands back to Microsoft. As @pluralistic said, to call that an accounting trick is doing injustice to the noble accounting trick. This is just ordinary fraud.
This clearly can't go on forever. And as Stein's law has it, anything that can't go on forever eventually stops. The bubble will pop, and given the state of the stock-market it will be ugly.
drs1969 (David Smith) 🇬🇧@sstendahl @eniko @pluralistic According to Ed Zitron, it's 1 Trillion of investment next year. Or $125 for every living human on earth...