The air begins to leak out of the overinflated AI bubble

grid11@lemy.nl to Technology@lemmy.world – 28 points –
Column: The air begins to leak out of the overinflated AI bubble
latimes.com
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I find it insane when "tech bros" and AI researchers at major tech companies try to justify the wasting of resources (like water and electricity) in order to achieve "AGI" or whatever the fuck that means in their wildest fantasies.

These companies have no accountability for the shit that they do and consistently ignore all the consequences their actions will cause for years down the road.

What’s funny is that we already have general intelligence in billions of brains. What tech bros want is a general intelligence slave.

Well put.

I'm sure plenty of people would be happy to be a personal assistant for searching, summarizing, and compiling information, as long as they were adequately paid for it.

It's research. Most of it never pans out, so a lot of it is "wasteful". But if we didn't experiment, we wouldn't find the things that do work.

Most of the entire AI economy isn't even research. It's just grift. Slapping a label on ChatGPT and saying you're an AI company. It's hustlers trying to make a quick buck from easy venture capital money.

Is it really a grift when you are selling possible value to an investor who would make money from possible value?

As in, there is no lie, investors know it’s a gamble and are just looking for the gamble that everyone else bets on, not that it l would provide real value.

I would classify speculation as a form of grift. Someone gets left holding the bag.