[Grombobulous]

I would agree with you that extrapolating to “AI is useless” is definitely a giant step too far, and that part of the article ruins a lot of the other interesting bits of it.

It’s great that he cites a lot of sources but some of them aren’t great, like the Microsoft story about canceling their Claude spend. I think that particular story isn’t much of an indicator of anything, and it might not even be true.

But the financial part…this guy isn’t the only person out there sounding the alarm about the math not mathing.

[lz400]

FWIW I agree the financials are a bit crazy and OpenAI went a bit nuts with the circular deals. That said, honestly, I don't think it's the end of the world. I think there will probably be some correction/crash and it will probably be healthy. A lot of these circular deals will get canceled, but it's at the end of the day people changing imaginary numbers with each other. The underlying tech I still think it's revolutionary regardless, the same way that the internet was and the tech boom crash at the end of the day was a distraction from the fact that these companies did end up "ruling the world"