posted in Technology
Mainstream News Anchors Now Talking About the AI Bubble Bursting at Any Moment: "I think the entire AI boom is investing in the wrong future."
futurism.com/future-society/mainstream-news-anchors-bloomberg-tv-ai-bubble-burstingReplying to @eicker@lemmy.world
The funniest part is that the thing that could actually make AI useful at scale might be what wrecks the investment thesis: cheap, local, open weight models. Wall Street funded a trillion dollar server farm to discover that sometimes the answer is a smaller model running on your laptop. The technology might win while the investors lose. Nevertheless, companies such as Google, Amazon, and Microsoft – as well as Nvidia and AMD – are a very long way from simply going under.
Replying to @eicker@lemmy.world
Google, Amazon and Microsoft will be fine.
Oracle, though. It’s possible they’ll actually die. And wouldn’t that be tragic.
I think NVIDIA has a higher chance of survival because they’re the ones actually producing something tangible (GPUs) that is still needed even if openweight models prevail.
Replying to @scytale@piefed.zip
Yeah, they’ll be fine assuming there isn’t an Enron level legal motion. They are sort of not on the hook for anything financially. I’m not sure how legal it all is though. I’m pretty sure it isn’t, but even if it isn’t it’s still a question if they’ll be held accountable.