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by parliament32 107 days ago
The US is no different. All the deals seem to make sense until you take a step back and realize it's just a bunch of circular investments. This bubble bursting is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.

https://en.wikipedia.org/wiki/AI_bubble
3 comments
mikkupikku 107 days ago
Is the US really no different? I can name at least a few US companies making a serious attempt at AI stuff, and while I haven't invested in any of them I can understand how billions of dollars are being thrown around here.

But in the UK? What UK AI orgs are there? Deep Mind is/was but they're owned by Google since a long time ago. Is there even a single large UK company taking money for AI that isn't just flagrantly scamming by any measure?

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harel 107 days ago
I don't disagree, but I can't join you wishing for it to happen. It's going to be bad for all of us.
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recursive 107 days ago
The longer it's delayed, the worse it will be.
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embedding-shape 107 days ago
> is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.

When was that? Seems I missed it, the market cap of cryptocurrencies in general seems to still be around ~2.5T USD, way above what I thought an "implosion" would mean.

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parliament32 107 days ago
Oh crypto is doing fine, no issues there. NFTs however, like all the hype of pictures of monkeys selling for ridiculous amounts of money, that's the implosion I was referring to.
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bombcar 107 days ago
The "blockchain" collapse was covered up by the AI explosion, many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).
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embedding-shape 107 days ago
> many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).

I'm guessing you're talking about smaller projects? AFAIK, neither Bitcoin nor Ethereum have anything to do with AI, and combined they're 1.5T USD in market cap, that's not propped up by AI, is it?

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bombcar 107 days ago
Yes - the scam/hype around crypto was always on the "application" of it (or shitcoins) - BTC and ETH have just chugged along as they actually have an underlying use case.
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