[meroes]

Don’t worry you’re not alone. I’ll believe it when I see it. So far I haven’t seen it. And I work in AI (albeit at a low level).

If I can compare it to Google search back in the 90s. There weren’t all these evangelists saying in 5-10 years blah blah blah. We just used it, in our daily lives. I don’t use AI at all except at work. And I couldn’t even tell you what product it’s going toward because I don’t think 99% of employees know. Why we don’t know, who knows!

[seanhunter]

There absolutely were hordes of evangelists touting this or that tech company (including google, redhat, amazon etc as well as pets.com and a bunch of others who didn't survive) saying in 5-10years these were companies would be the biggest thing since sliced bread. In some cases they were right.

The VC money is betting on a similar sort of monopolistic dynamic occurring in the AI space. They're not saying that 100s of billions of dollars of value is going to accrue to openAI because of chatGPT they're saying 100s of billions of dollars of value is going to accrue in the space and the most likely outcome is that the vast majority of that is going to be siphoned up by a couple of behemoths. Other than the incumbents (Microsoft, Google) OpenAI seems best positioned at the moment and whoever else creates breakthroughts will probably be acquired anyway just like instagram got bought out by facebook as soon as they got large enough to matter.

[Dylan16807]

> saying in 5-10years these were companies would be the biggest thing since sliced bread

It's not about growth, it's that nobody had to make future claims about web search or online ordering being useful to the average person, they already were useful when someone tried them.

[meroes]

Yes thank you that's what I was trying to say.

[seanhunter]

Good point. That's fair for sure.