[redserk]

Or it could go the way of people's dreams for mainstream consumer crypto in 2016.

Every business desperate for a boost in cash (and a pool of desperate LinkedIn posters) are pretending that they just invented machine learning in the last 18 months.

"AI" has become synonymous with either "snake oil" or "desperate marketing".

[akomtu]

Unlike bitcoin, AI is something that the gov desperately wants and will assist AI corps every way possible.

[rchaud]

That might help pump the stocks of these companies, but government picking winners isn't necessarily a good thing for consumers.

The government has sunk billions into EV incentives for instance, but consumers are currently struggling with inflation for essentials like food and shelter. A slightly cheaper EV isn't really a priority for many, which explains why EV inventories are piling up.

[sandspar]

Was America's #1 geopolitical rival developing an adversarial crypto system in 2016?

[npunt]

AI v crypto comparisons are so easy to debunk.

Simple test: Can a regular consumer derive value in less than 20 keystrokes that they already know how to type (eg English)? How about 50? 100?

LLMs: yes

Crypto: no

[redserk]

Immediate, short-term perception of value doesn’t matter for long-term strategy.

I suppose we’ll see in 2-3 years how many businesses maintain their newly found focus on “AI”. I’m betting that the organizations that aren’t employing internal teams training their own models will drop off quickly.

A lot of companies are just throwing together an interface to OpenAI and praying for the best. Long-term this won’t work. Users will eventually demand 100.0% data accuracy.

Eventually the novelty will wear off.

[notjulianjaynes]

I mean, if you had purchased one Bitcoin in 2016 and held it until today you'd be be up at least $65,000. If that's snake oil then oil me up.

[redserk]

The current valuation of Bitcoin has nothing to do with whether business models attempting an inclusion or pivot to crypto was successful because most businesses completely dropped their attempts.