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by rubatuga 3239 days ago
One of my friends is in finance, and the other in biology, and judging by the way that they talk about it, they believe that AI is about to take over the world, and they believe there is a huge monolithic black box that can solve all the world's problems. So yes, there is a huge bubble. The question is how exactly will the bubble pop? Or will it pop?
3 comments

I've started paying attention to AI (again). This ML hype cycle feels like when I did optimization stuff 15 years ago. Huge interest, lots of monkey motion, then it just fell off everyone's radar.

Not equating ML to OR, directly. With today's horsepower and data sets, it is a brave new world. But we're in the elevated expectation phase of the hype cycle.

We have seen many a bubbles in the past. The AI bubble will also burst eventually. I have a first hand experience of it in the ML/NLP world, and I can safely say it is about 30% works plus 70% hype.

Large amount of data has helped, so AI systems are better than before (with lots of training data), but that's pretty much it. It is not going to replace programming jobs, leave aside solving world problems.

Given that creating and improving AI is a programming job, once you've replaced programming jobs you've replaced everything else too.
Or how can I make money from it popping??
Short every AI startup you see.