Microsoft CEO Satya Nadella, whose company has invested billions of dollars in ChatGPT maker OpenAI, has had it with the constant hype surrounding AI. During an appearance on podcaster Dwarkesh Patel's show this week, Nadella offered a reality check, arguing that OpenAI's long-established goal of establishing "artificial general intelligence," (AGI) an ill-defined term that roughly denotes the point at which an AI can best humans on an intellectual level, is nonsense. "Us self-claiming some AGI
This all just feels like sunk cost fallacy at this point. Capitalism can’t do anything besides grow, even when the growth involved and the tech they’re trying to sell isn’t even remotely as good as the hype states.
Self-hosted LLMs? Awesome.
AI in the hands of corporate ghouls? Not awesome.
It’s the same narrative every time. Capitalists bastardizing tech and exploiting workers for profit alone.
This has been Silicon Valley’s MO for generations.
Yep! This is the first time the investment has been so catastrophic though. The amount of money they’re throwing at this absolutely dwarfs every past innovation spike.
What about all the vr garbage? The drooling baby zuckerberg has thrown away over $50 billion right? And that’s just ONE company! And nobody wants that shit LOL
The VR hype was such a poor investment. It’s a tech that has never taken off in any way that’s large enough for the profits they demand I think the only place it’s gotten marginal interest in, is the gaming PC crowd, and even then, it’s still very niche. It feels like the further things progress, the more detached from reality the “innovations” become.
Not really. I’d argue the dot com bust was worse due to the quantity of websites that died because they didn’t actually have a business model.
What we’re seeing is a tech industry where all the tech is on the right side of the S curve and trying one last stab at a technology that may be on the left side.
You’re right, the dot com bust was far worse. That feels like forever ago these days.