NFTs and crypto were dubious as to the value they provided
LLMs on the other hand provide very tangible, immediate value to a large number of people
Also they allow companies to save a ton of money on support at the expense of the user experience so of course it’s here to stay
It’s still overhyped and being shoved into every app, service and system that exists whether it adds value or not.
Its definitely not going away, there’s some real value to LLM/AI (much more than crypto anyway) but make no mistake there’s going to be a significant correction where the bubble bursts and AI becomes right sized.
When the microwave first hit mass adoption there was an enormous amount of microwave meals, cookbooks, and recipes that tried to use it for everything imaginable. Eventually the hype settled down and now for most people the microwave isn’t the primary or at least sole means of cooking.
But the microwave is still a great way to make a quick baked potato.
I’d argue that people got way too excited about what NFTs offer. Being able to own/transfer a digital item with a standardized interface is interesting technically (and has real value, for example ENS names), but holy hell did people go all Beanie Baby on them…
That’s not arguing with my point though, people definitely did get excited about perceived value, but it didn’t really benefit most people in any way because it was only a promise, not an actual thing
LLMs and other generational AI produce something that immediately has value
If I ask chatgpt to write me a python function I now have a python function I can use, if I ask it to explain something and then attempt to apply that knowledge I’ve learned something useful
If I bought an nft the value of that nft would only be what people decide it is worth
Oh, sorry, I wasn’t intending to argue against your main point. For the most part, I agree with you.
What I don’t agree with is that the value of NFTs (as a technology) is dubious. Instead I think it’s overstated.
In the same vein as “LLMs can write Python”, NFTs provide ownership information. Regardless of what some asshat pays for a picture of a monkey, the underlying technology still has merit.
Is it really saving the cost? considering it increased 14 times compared to last year based on the article above.
It said cost worries have risen not costs themselves, it was in the same paragraph about concerns with response accuracy, I imagine that’s just a survey
In reality both cost and reliability have improved massively since ai took off like this, requests cost a fraction of a penny each and provided you prompt it right gpt 4o gets it right 90% of the time for me
as dubious as the value they provided
Go look at bitcoin and tell me the value dubious. Here I’ll help: https://finance.yahoo.com/chart/BTC-USD click the 5y view at the bottom.
Yes crypto is full of scam coins, but scammers permeate everything, should we give up on email too for the same reasons? Saying crypto in general is a scam is just ignorant.
XMR as well provides key privacy protections, etc.
When I say dubious I mean it’s not tangible, there’s no guarantee of its value.
If I have chatgpt write me a block of code that block of code is inherently and immediately useful to me
If I buy a bitcoin it will probably eventually increase in value but I can’t do anything with it, and there’s no guarantee it won’t be immediately worthless the next day
I guess by the same logic you could say the code might be immediately worthless if there’s a solar flare that wipes out all technology on earth but you get my point I’m sure
They are not, managers only think it is saving them money. All the same current llms are a grift that have no plausible value statement outside of scam markets. Even then the price of their use is both massively subsidized and scales at best exponentially with performance. This cannot last forever.
