[idontknowtech]

It's definitely a bubble. Sam Altman wants to build $7tn worth of data centers; if that's not an indication of how ridiculous this has gotten, I don't know what is.

LLM has been vastly oversold to the general public as "AI" when the technology is nowhere near that. We haven't invented turing complete robots that independently identify problems, learn the solutions, and respond. LLM as a technology might not ever be able to do that, by the nature of how it works. We have only created chatbots that reply to prompts, with a higher than acceptable inaccuracy rate. And yet this justifies $7tn.

But silicon valley figured out that saying "AIAI" on repeat works for funding, then other companies started pretending they were the same for the instant stock gain. Rising interest rates and this wave led everyone to pull out of other companies and dump into anything vaguely related to AI. They rode the price up, and now that interest rates are falling (making other companies more attractive) they are rotating out.

This probably didn't become a full on bubble like crypto did because interest rates were high. It's still a bubble, but seems to be pricking of its own accord as opposed to becoming a gigantic, systemic problem.

That said, when rates fall again, we might see a second boom there. Or maybe another fad will strike silicon valley, to continue the trend.

VR - Crypto - Metaverse - LLM?

[randcraw]

Part of the problem in AI is the lack of useful benchmarks that show progress is being made in skill areas where AI will truly be useful and transformational. I mean, who cares if a LLM can pass a bar exam or real estate license test?

[tivert]

> Part of the problem in AI is the lack of useful benchmarks that show progress is being made in skill areas where AI will truly be useful and transformational.

There also needs to be discussion if the transformations AI can make possible are actually for the common good. They'll certainly be good for a small minority (e.g. certain billionaires), but its hype-men seem to be lazily gesturing to utopian sci-fi and lazy and oversimple economic thinking to justify it [1].

But it's probably hopeless, since SV is a technopoly and has too much influence.

[1] Like assuming there will always be work for all people in the face of automation, that people will be better off if goods get cheaper as their economic prospects dim, etc.