Make it make sense (piefedimages.s3.eu-central-003.backblazeb2.com)
submitted 10 months ago by to c/microblogmemes@lemmy.world
 
Just so I'm clear on this, computer memory has tripled in price because a bunch of it that hasn't been produced yet has been ordered to populate GPUs that aren't installed in data centers that aren't built yet in order to service a demand that doesn't exist to make profits that don't happen.
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[–] 1 point 10 months ago

You are absolutely right in the overarching logic, but I believe we have interacted with the current iteration of AI long enough to know that consumer demand is underwhelming, and ROI for enterprise investment is near zero.

In your Olympics analogy, it would be like every four years a city spending tons of money on Olympic games that attract a lot fewer visitors than predicted, just because the other cities did in the past.

Honestly, I am reminded of the early days of the Internet, when all VCs were funding "generic sales startup" because they had said No to Bezos and Amazon had exploded. It wasn't about making a good investment, it was about being able to say they hadn't slept on the biggest opportunity they in fact missed.

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