posted in Technology
AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.
futurism.com/future-society/ai-financial-bubble-openai-billions-failure
Replying to @eicker@lemmy.world
WeWork was declared a failure when it lost 6 billion in a year. OpenAI is net negative 17 billion a year…
Replying to @Akh@lemmy.world
There is quite a difference from an investor standpoint in a product that replaces all human labor vs coworking space.
Replying to @darvocet@infosec.pub
I still have yet to see it adequately replace any human labor
Replying to @PattyMcB@lemmy.world
Then you haven’t been using the right models or trying.
Replying to @darvocet@infosec.pub
Let’s say for a moment that AI really is as capable as AI bros want you to believe it is. Having used some AI models at my work (network engineer), I’m not so convinced, but I’ll put that aside for a moment.
The pinch of the AI vise is going to be the cost. All the AI companies are running at loss to try and capture the market, and they’ll need to charge a lot more for access to AI once a winner is determined.
Are you willing to pay 10x what you pay right now for access to an AI agent? Because that’s looking like what they’ll have to do in order to turn these companies profitable.
Replying to @BluescreenOfDeath@lemmy.world
I’ve already seen it replace people in various roles successfully. It’s getting better – will it replace everyone? No, but it will be disruptive and it seems foolish to not acknowledge what is obvious - jobs will be affected.
You literally said “replace all human labor” though.
Replying to @scytale@piefed.zip
Haha I’m not a AI Stan. I am the only one it seems truly worried about never having a job again.
Their investor pitch is this technology replaces all human labor. That’s their framing not mine.
Replying to @darvocet@infosec.pub
Jobs have already been affected, yes. Not “adequately” done in lieu of a human, though.
And it still takes a human to steer the things.
Replying to @darvocet@infosec.pub
My honest problem with AI is the hallucinations.
They’ve been shown to be a mathematical inevitability, and that means everything they ever make must be fully reviewed.
And that’s antithetical to everything I’ve known about computers in my career.
The entire reason why computers are so useful and reliable is because, until now, they always produce the same outputs given the same inputs.
One of the AI agents I’ve interacted with was in a GPS monitoring system for fleet vehicles. I was a supervisor of technicians, and I got a report that a company truck with license plate [X] ran a stop sign.
They replaced their standard search function with an AI bot, so I asked it which vehicle in the fleet had license plate [X]. And it confidently responded with a vehicle that didn’t have that license plate.
A standard search function, comparing an input to database values for vehicles wouldn’t have that problem. And that’s why I’m so sure this is a bubble and not a major technological market disruption.