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AI Is Starting to Look Like the Dot Com Bubble
(futurism.com)
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this post was submitted on 13 Aug 2023
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There are two kinds of companies in tech: hard tech companies who invent it, and tech-enabled companies who apply it to real world use cases.
With every new technology you have everyone come out of the woodwork and try the novel invention (web, mobile, crypto, ai) in the domain they know with a new tech-enabled venture.
Then there's an inevitable pruning period when some critical mass of mismatches between new tool and application run out of money and go under. (The beauty of the free market)
AI is not good for everything, at least not yet.
So now it's AI's time to simmer down and be used for what it's actually good at, or continue as niche hard-tech ventures focused on making it better at those things it's not good at.
I absolutely love how cypto (blockchain) works but have yet to see a good use case that's not a pyramid scheme. :)
LLM/AI I'll never be good for everything. But it's damn good a few things now and it'll probably transform a few more things before it runs out of tricks or actually becomes AI (if we ever find a way to make a neural network that big before we boil ourselves alive).
The whole quantum computing thing will get more interesting shortly, as long as we keep finding math tricks it's good at.
I was around and active for dotcom, I think right now, the tech is a hell of lot more interesting and promising.
Crypto is very useful in defective economies such as South America to compensate the flaws of a crumbling financial system. It's also, sadly, useful for money laundering.
Fir these 2 uses, it should stay functional.