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- Sep 3, 2024
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- 338
Wasn't the pointThats great, but one normally doesnt need a computer to tell them this... Its already common sense...
Wasn't the pointThats great, but one normally doesnt need a computer to tell them this... Its already common sense...
Wasn't the point
Ahh yes, parroting news articles and “bubble” talk, meanwhile companies are posting blowout earnings (you see what TSM posted today on their earnings, and raised forecasts?). For it to be a bubble, the price would have to be driven up off pure speculation, with no fundamentals behind it. When companies are posting massive revenue and earnings increases, it’s not a bubble. Sure some might be overvalued, sure there’s probably a lot of small cap shell companies that fit into the bubble narrative that you shouldn’t touch, but most of the large caps price increases are based on actual revenue/earnings increases and estimates of future earnings (forecasts). People that say bubble just parrot what they hear on the news. You could maybe argue quantum technology is bubble-ish compared to where the actual technology is (similar to your .com bubble reference of the late 90s), but AI technology is very much readily available and evolving and scaling exponentially.I think the majority of people expect way too much from just a large language model.
Does it do some things extremely well? Yes, of course. Does it do everything you need in your life? Hell no lol.
I don’t think AI is a problem. Quite the contrary because I understand its current limitations and accept them. However, I do think people’s radical belief in it being THE source of truth across all subject matter is where the problem lies.
That is what creates bubbles. When the promises made by companies of any size and their marketing departments of a certain utility or tech that far exceed its abilities in the current time. Then, big money gets involved, usually involving major funding of those companies through investments or loans. Enough of those and then the eventual failure to produce results of the false promises made causes the bubble to eventually “pop”.
People then lose complete faith in the utility and go the other way completely in attacking it.
Some period of time later, we finally accept where the technology is at in its evolution and then it continues to improve over time, eventually becoming much more useful.
Sound familiar lol? Same with the .com bubble and the eventual strong utility of the internet 8-10 years afterwards.
Sorry, random thought I was reading the comments of being in support or being averse to AI lol.
I agree 100%. When I say bubble, I’m referring to the expectations that many people have right now may far exceed current capabilities. Especially when using just and relying in ChatGPT to manage their lives completely lol. Many companies take advantage of that and make many promises about what it can do without knowing just yet that it can or cannot. Maybe I didn’t use the correct wording.Ahh yes, parroting news articles and “bubble” talk, meanwhile companies are posting blowout earnings (you see what TSM posted today on their earnings, and raised forecasts?). For it to be a bubble, the price would have to be driven up off pure speculation, with no fundamentals behind it. When companies are posting massive revenue and earnings increases, it’s not a bubble. Sure some might be overvalued, sure there’s probably a lot of small cap shell companies that fit into the bubble narrative that you shouldn’t touch, but most of the large caps price increases are based on actual revenue/earnings increases and estimates of future earnings (forecasts). People that say bubble just parrot what they hear on the news. You could maybe argue quantum technology is bubble-ish compared to where the actual technology is (similar to your .com bubble reference of the late 90s), but AI technology is very much readily available and evolving and scaling exponentially.
Anyhow.. I do agree with your other talking points that AI shouldn’t be regarded as being 100% accurate and fault-less, but it can be very close in some things and can open up the doors and a lot of avenues to research.
Ahh ok respect man. Software/programming is an interesting field, I almost went into it myself. I’m sure it’s evolving more than ever with the way the landscape is changing as well. Keeps it interestingI agree 100%. When I say bubble, I’m referring to the expectations that many people have right now may far exceed current capabilities. Especially when using just and relying in ChatGPT to manage their lives completely lol. Many companies take advantage of that and make many promises about what it can do without knowing just yet that it can or cannot. Maybe I didn’t use the correct wording.
Coincidentally I don’t listen to the news much, I just notice it because I’m a software developer and we do use and provide LLM APIs in features that we make to our clients and prospects. We see many of our competitors making very wild promises of what their features can do with “AI” knowing damn well that their implementation does not accomplish 10% of their promise.







































































