hendrik comments on Why is that?

Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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[–] hendrik@palaver.p3x.de 2 points 4 months ago* (3 children)

Hmmh. I guess we'll find out. According to the AI industry, they're just getting started... I'm not really subscribed to that kind of thinking... But there's various predictions from the bubble going to burst and we'll get all the datacenter capactiy for cheap. To AI will continue on an exponential path and it'll get way worse with it's insatiable demand for energy and datacenters.

Poor gamers, though. First they had the cryptomining bros, then the scalpers, now the AI industry... There's only ever a short time to buy GPUs before the next boom makes them overpriced again. And this might not be the last hype.

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[–] lime@feddit.nu 0 points 4 months ago (2 children)

the gamers know what they did.

on a more serious note the industry as a whole is haemorrhaging money at an insane pace. the ed zitron report from earlier in the week showed that openais burn rate is like 8x their revenue and they show no sign of course-correcting, and the others seem to be doing the same thing. nvidia is the only profitable party and their profit is like a fifth of what the sector is losing.

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[–] hendrik@palaver.p3x.de 1 point 4 months ago (1 child)

Though I feel this is far from over. They're all still valued billions. There's still investor money coming in. And the next dozens of datacenters in the pipeline. They have enough money to invest in power plants and all kinds of stuff. Companies still have those silly rules that you as a programmer are supposed to burn tokens. And now the AI companies are slowly starting to find ways to become profitable. I think it's still early days. And we haven't yet seen the large scale displacement of human work. And autonomous robots are also still to come. I'd attest them a chance to work in warehouses etc... So... I don't see the course changing any time soon.

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[–] lime@feddit.nu 3 points 4 months ago

we've yet to see a single one of them be profitable, and if they try to leverage their existing subscriber base for that they will crash hard. the valuation is pure fantasy, based on the same 10 companies all "investing" in each other with the same lump of pretend money like a financial hot potato. and last i looked something like 37% of the american pension system's investments are in the ml industry. the last time that happened it had global repercussions.

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