Technology

Please please please please please please please please

People look at the advertising for this shit (and future tech-bro shit) and wonder, "who is this for"? Remember E.L.O.N. Exaggerated Lies Overlooked Narratives

Think of every manager and boss you've ever had. They don't think, they just do. Salesmen convince them using issues that don't exist, to sell solutions that don't really work, to people that don't understand how to use them. Repeat over 70 years and you have the modern American education system.

Now things are different. Money is scarce, things are getting tight. Tech-Bros have changed from a mildly infuriating strategy, to a downright abusive one. These simple minded managers think everything is under attack, and the only solution is what they already have, but heavily monetized and completely unusable.

Always invest in the spades never the gold mine

Yeah, but the 0.1% remaining will take over the world.

Does anyone remember the era when there were a million search engines? Google didn't spawn alone.

Same with Amazon. You think nobody else tried to make an online store in the 90s? Lol.

People are trying to vindicate their dislike of AI, pointing to trends like this as if it were supporting evidence. But saying "AI is going to be a big flop because 99% of companies today will end up failing" is as stupid as saying "online shopping will never work because 99% of online stores will close by the year 2010"

AI companies specializing in spreading bullshit all across the internet have a bright future however

No shit.

Like all new technologies, there is a time when bunches of companies jump on the band wagon to get in on the action. You can see it all throughout the history of the industrial revolution.

They mostly know that there will come a great weeding out of those that can't handle the technology or just fail from poor management. But they are betting they will be among the 1% that wins the race and remain to dominate the market.

The rest will just bide their time until the next Big Thing comes along. And the process starts over again.

So, I have clients that are actively using AI on a daily basis and LOVE it. It is however a very narrow subset. Also, I’m pretty sure that a LARGE amount of Dollars are currently being spent on AI generated political articles.

Yeah, but thanks to the glory of corporateworld, all the people involved in making these decisions will be in a higher position at a different company by the time the consequences come knocking.

You definitely will not regret spending billions of dollars on GPUs and electricity bills.

Chinese tech leader wants west to slow down their progress on AI

Maybe it's like the dotcom bubble: there is genuinely useful tech that has recently emerged, but too many companies are trying to jump on the bandwagon.

LLMs do seem genuinely useful to me, but of course they have limitations.

I am old enough to remember when the CEO of Nortel Networks got crucified by Wall Street for saying in a press conference that the telecom/internet/carrier boom was a bubble, and the fundamentals weren't there (who is going to pay for long distance anymore when calls are free over the internet? where are the carriers-- Nortel's customers-- going to get their income from?). And 4 years later Nortel ceased to exist. Cisco crashed too, though had enough TCP/IP router biz and enterprise sales to keep them alive even until today.

This all reminds me of the late 1990s internet bubble rather than the more recent crypto bubble. We'll all still be using ML models for all kinds of things more or less forever from now on, but it won't be this idiotic hype cycle and overvaluation anymore after the crash.

Shit, crypto isn't going anywhere either, it's a permanent fixture now, Wall Street bought into it and you can buy crypto ETFs from your stockbroker. We just don't have to listen to hype about it anymore.