Ooh ooh now do restaurants!!!
At least restaurants provide useful service…
restaurants provide a service the same way landlords do. just bc you privatized an essential commodity does not immediately make your privatized entity a useful or essential service, and i detest the notion that it does. it’s circular logic.
Very weird comparison
Very different. Restaurants don’t buy up every food resource out there or cause artificial scarcity to make them the only option. Groceries are still a cheaper and healthier option 95% of the time.
Restaurants aren’t fighting regular folks to make food supplies scarce and jack up food prices. You can choose to not go to a restaurant and that won’t affect your grocery bill. They don’t privatize food, they offer an actual, non-essential service which is to cook it for you, which deserves compensation. A restaurant organized as a worker coop is ethical.
OTOH, parasitic landlords are responsible for the scarcity/prices of housing. If you don’t rent their appartments, you’re still affected by their greed because the prices are high because of them.
It doesn’t compare at all.
And honestly any business venture.
Sounds like I need to train an AI model to predict this and charge people for it.
The circle of AI
Is that better or worse than IT and software projects in general? It sounds like it might be better.
It’s much worse. Generally speaking projects in large corporations at least try to make sense and to have a decent chance to return something of value. But with AI projects is like they all went insane, they disregard basic things, common sense, fundamental logic etc.
From the article - “which is twice the failure rate for non-AI technology-related startups.”
I guess I should a) read the article and b) have a slightly better outlook of the field I’m in.
This is very broad. Compare AI to software projects and it’s like a 5% difference. Picking every non AI and put it into the same pool is very misleading.
Pareto principal for psyops, by a think tank organization too. Why is this nonsense tractable here?
Capitalism wastes money chasing new shiny tech thing
Yeah, we know. AI’s not special.
And I was always taught that capitalism allocates the resources ideally. /s
The market is rational, that’s why casinos have so many customers!
*Probably typed on a smartphone, one of the most technology-dense products ever created by humanity, currently used by over half of humanity.
This approach has never worked but I admire your devotion to it.
It might be in the volume and price of projects
Most people don’t want to pay for AI. So they are building stuff that costs a lot for a market that is not willing to pay for it. It is mostly a gimmick for most people.
True for the consumer side, but I’d be willing to bet that a decent chunk of that money that giant corporations burned funded some serious research on AI that can go on to actually useful science things
And like, it’s not even a good gimmick. It’s a serious labour issue because the primary intent behind a lot of AI has always been to just phase out workers.
I’m all for ending work through technological advancement and universal income, but this definitely wasn’t going to get us that, so…
Well, why would I support something that mostly just threatens people’s livelihoods and gives even more power to the 0.1%?
And then on top of that, if they phase workers out without some kind of universal income, how the hell do the corporate overlords expect us to have money to fuel their greed?
Government subsidies!
Why don’t companies get this? If you make something free in the beginning, people will become conditioned that it’s not worth paying for.
Here’s a fitting AI generated Porky
Welcome to AI:
The hype-cycle is the exception, not the norm. Very commonly stuff just ends up dying.
I doubt AI is going to die, it’s objectively useful in many cases. We just don’t need it absofuckinglutely everywhere.
AI not, but I’d be less certain about LLMs.
In a few years either people hate AI bots so much, that products with it start losing sales, or every coffee machine will have one. Exciting times ahead.
The interviews revealed that data scientists sometimes get distracted by the latest developments in AI and implement them in their projects without looking at the value that it will deliver.
At least part of this is due to resume-oriented development.
I read bits of a programming book once, can’t remember which one.
Halfway through it was revealed that all the code snippets they had were from a project that was abandoned before it was finished, once the people paying for it realised they no longer wanted it and stopped funding them.
I wasn’t sure what message to take from the book after that. Like, sure, my code is a load of shit, hodge-podged together at the request of people who don’t really know what they want, but at least I’ve got people out there using it…
Wasting?
A bunch of rich guy’s money going to other people, enriching some of the recipients, in hopes of making the rich guy even richer? And the point of AI is to eliminate jobs that cost rich people money?
I’m all for more foolish AI failed investments.
It’s a circle jerk, don’t get fooled into thinking this is some new version of trickle down economics
It’s not trickle down at all. Definitely not what I was trying to say. Just rich people trading money among themselves in hopes of getting richer.
It makes rich guys even richer. At the expense of other rich guys and just fools attracted.
Imo it’s wasted in the sense that the money could have gone towards much better uses.
Which is not unique to AI, it’s just about the level of money involved.
What’s better than paying someone’s salary?
you can’t spell fail without AI.
feɪl
phayl
Human creativity for the win!
Thank you for using IPA instead of other cheap beers.
I saw a dell bill board the other day saying they put the Ai in ipa and it had a picture of a laptop and a beer
Wait, are they saying that if you remove them (ai) then you’re just left with P? That’s kinda funny
Alcohol is disgusting.
Фэил
Isn’t it good that the money is being put back into circulation instead of being hoarded? I’m all in for the wealthy wasting their money.
I’m willing to bet the vast majority of that money is changing hands among tech companies like Intel, AMD, nVidia, AWS, etc. Only a small percentage would go to salaries, etc. and I doubt those rates have changed much…
They typically use internal personnel and being parcimonious about it so you’re right about that.
Thats a “Parable of the Broken Window”. They could be spending their money on something actually useful.
But they probably wouldn’t, they’d just throw it at gold, crypto, or something else that doesn’t provide any real value.
Yeah, the brightest minds instead of building useful tech to fight climate change, spend their life building vanity AI projects. Computational resources instead of folding proteins or whatever are wasted on some gradient descent of some useless model.
All while working class wages are stagnant. And so your best career advice is to go get a random tech degree so you could also work on vanity stuff and make money.
This is cryptocurrency equivalent. It’s worse than CEOs buying yachts. The latter actually leads to some innovation.
Succesfully creating an actual AGI would be by far the biggest and most significant invention in the human history so I can’t blame them for trying.
A bunch of people fine-tuning an off-the-shelf model on a proprietary task only to fail horrendously will never lead to any progress, let alone AGI.
So, nobody is trying AGI.
If all those people would actually collectively work on a large-scale research project, we’d see humanity advance. But that’s exactly my point.
“Nobody is trying AGI” is simply just not true. If you think what they’re doing will never lead to AGI, then that’s an opinion you’re free to have, but it’s still just that; an opinion. Our current LLM’s are by far the closest resemblance of AGI that we’ve ever seen. That route may very well be a dead end but it may also not be. You can’t know that.
Oh gosh, look, an AI believer.
No, LLM will not lead to AGI. But even if they did, applying existing tech to a new problem only to fail cuz you’re dumb at estimating the complexity does not, in fact, improve the underlying technology.
To paraphrase in a historical context: no matter how many people run around with shovels digging the ground for something, it will never lead to an invention of the excavator.
Ad hominem and circular reasoning isn’t a valid counter-argument. You’re not even attempting to convince me otherwise, you’re just being a jerk.
The larger issue that people always fail to remember is the energy consumption. We are see massive amounts of electricity.
One peer-reviewed study suggested A.I. could make up 0.5 percent of worldwide electricity use by 2027, or roughly what Argentina uses in a year. Analysts at Wells Fargo suggested that U.S. electricity demand could jump 20 percent by 2030, driven in part to A.I.
The wealthy are under sailing like always. Just like we did with cigarettes or burning fossil fuels. We should have learned but it by the time we do, it might be to late.
Kinda, but it’s like feeding a starving child nothing but candy until they die.
¯\_(ツ)_/¯
The problem is the bulk of it is going to Nvidia.
Well probably not just Nvidia but the next likely beneficiaries are in the same range (Microsoft etc.)
The money goes to Microsoft/Google/Amazon/etc, which they goes to Nvidia.
They buy the hardware once then sell services based on it.
Don’t forget all the fuel burned for electricity to power it!
What “wasting”? It’s the only case of trickle-down that almost works.
It’s mainly because when everyone saw the “oh shiny” tech at first, they rushed it out as soon as possible with intent to replace people so that they can get away with doing less through AI.
Your average tech hype cycle. New tech comes out, lots of marketing, people try to shove everywhere, then things settle down and the tech either fills a certain chunk of the market or some noche or it dies.
NFT, Blockchain, dot Com boom, there’s always another one
Not with all new tech, just something that shakes normies’ imagination.
Even within a company. Saw coworkers that were trying to establish themselves as the AI pioneers and were backstabbing others get promotions based on how they could best use the ChatGPT AI.
Backstabbing your fellow coworkers over a chatbot has got to be one of the most pathetic things I’ve read recently
This isn’t unique to AI.
80% of new businesses fail, period.
Inside the first 10 years. We’ve been fucking around with AI for less than three.
AI has been around much longer than 3 years… LLM is just a new twist.
And for the most part it’s still powered by underpaid South Asian manpower lol.
PyTorch and TensorFlow have been around for 7+ years… If there are South Asians hiding in my computer, I’ll find them…
AI: Actually Indians
AI: An Intern
Assholes Incorporated
