this post was submitted on 21 Oct 2024
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Wow, a CEO who doesn’t buy into the hype? That’s astonishing.
I, for one, cannot wait for the bubble to burst so we can get back to some sense of sanity.
Edit>> Though if Baidu is investing in AI like all the rest, then maybe they just think they’ll be immune — in which case I’m sad again that I haven’t yet come across a CEO who calls bullshit on this nonsense.
AI will have its uses, and it has practical use cases such as helping people to walk or to speak or to translate in real time, etc. But we’re decades away from what all these CEOs seem to think they’re going to cash in on now. And it’ll be fun on some level watching them all be wrong.
They may just have kept their AI investments responsible—that is, not put more money into it than they can afford to lose. Keep in mind, Baidu is the Chinese equivalent of Google. They have a large, diversified business with many income streams. I expect they'll still be around after the bubble bursts.