George³ Government, please save this AI fraud balloon with tax payers money. Reply
Notton CFO Sarah said the quiet part out loud, so now Sam have to be like… "Please don't bail us out!" nudge nudge wink wink Reply
JamesJones44 It's crazy we've come to live in a world where bailouts are asked for before there is even a problem… Reply
SSGBryan There isn't a breakthrough app that is going to justify the amount of money that has been spent. That is the problem. Reply
rm12 SSGBryan said: There isn't a breakthrough app that is going to justify the amount of money that has been spent. That is the problem. I don't know whether we need to wait for the ultimate app. Metrics about how applying AI is improving business results would be very helpful. Reply
SSGBryan rm12 said: I don't know whether we need to wait for the ultimate app. Metrics about how applying AI is improving business results would be very helpful. If metrics existed – OpenAI would be trumpeting it. The fact they haven't is the tell. Then there is OpenAI's burn rate. Making a few millions every quarter doesn't cover billions of VC funding per quarter. Reply
extremepcs1 The bubble is about to pop. The stock market is already a mess the last few days because investors know it will soon. Reply
Dementoss extremepcs1 said: The bubble is about to pop. The stock market is already a mess the last few days because investors know it will soon. On another forum, of which I am a member, there is a member who is a computing journalist and author, of many years experience. It's been his opinion that the AI bubble is going to burst, for some time. I agree with him, all this rampant spending, with little return, is unsustainable. Reply
rm12 I had a chat with an ai 🙂 I asked to have 2010-2019 as a base line, and asked what good metrics would be for business results. Then I asked how they compare to the last one or two years. Now, if there would be results, they only would start to appear now, and correlation is not causality. Whatever you want to read into it, productivity and other metrics for firms using ai seems up a bit, like one to two percent and that are not AI firms. But that is within a year. So, that is the work that needs to be done now, baselining and when tech is more widespread then it is now, what is the difference. All new tech need to mature, need to become more efficient, and needs to applied/used more easily. Are the investments that have been done, worth it? I don't know yet. Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/sam-altman-distances-openai-from-data-center-bailout-talk#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.