Whew.
I try not to read *too* many things each day that accord well with pre-existing beliefs (I prefer to engage with arguments that challenge my convictions), but sometimes opinion pieces like this one - in which Ed Zitron points to the vacuous nature of the AI hype cycle and how much its impending implosion will hurt the tech sector in a few quarters' time - are just so darned tasty.
Like mental popcorn for watching the world burn!
#AI #Tech #MediaLiteracy #Essays
https://www.wheresyoured.at/peakai/
@MLClark Good article! Thanks. I strongly suggested to my couple NVIDIA buddies that they diversify, given their sudden meteoric stock price is driven by the hype curve surrounding AI.
Sensible counsel! Glad you enjoyed it.
@MLClark It really well sketched out why this hype bubble is mostly smoke and mirrors.
I mostly gave up preaching about hype bubbles during the crypto craze.
There's something quite extraordinary about the tight series of hype cycles these last few years, no? We had crypto, then NFTs, and then this swift onboarding of AI excitement/panic as if no one had learned anything from the last two rounds.
But I've come to the conclusion that we're a touch savvier than we look; many of us understand that performing hype *might* lead to profit, so they're indifferent to whether something is "real" or not. They're just trying to get rich in the wave.
@MLClark Yes, I agree. People/companies will stoke the hype of each of these, and play the results for profit.
Sad part is, real innovation is starved of funding as a result of profit grabs.
The things we might have done as a species, if only venture capital in the last decade or so had been directed toward more projects with a chance of meaningfully improving knowledge and/or human welfare, eh?