Steve Eisman has entered the chat

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I’ve been hearing that since LLMs started gaining popularity. Doesn’t seem any closer today than, say, 2 years ago. But someone always makes this comment.

I’ve also been expecting a general stock market crash for a decade+. Somehow still hasn’t happened.

Doesn’t seem any closer today than, say, 2 years ago.

Have you seen what small, open-weight models from Chinese labs are capable of doing on consumer-grade hardware? They’re much more advanced than any flagship LLM running on VERY expensive hardware, 2 years ago.

I have no idea how close we might (or might not) be to the bubble bursting, but surely it’s closer than 2 years ago.

It’s fairly clear that the big ai companies are trying to get some form of general artificial intelligence because that’s basically a pot of infinite money, if they find it the rest of the economy is fucked and they skyrocket in value if they don’t find it the rest of the economy is fucked from debit and they go belly up.