233 points

No bubble has deserved to pop as much as AI deserves to

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177 points

Blockchain and crypto were worse. „AI” has some actual use even if it’s way overblown.

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5 points

Blockchain has many valuable uses. A distributed zero trust ledger is useful. Sadly the finance scammers and the digital beanie baby collectors attracted all the marketing money.

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48 points

And yet, every single company that has ever tried to implement a distributed zero trust ledger into their products and processes has inevitably ditched the idea after releasing that it does not, in fact, provide any useful benefit.

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13 points

The idea has merit, in theory – but in practice, in the vast majority of cases, having a trusted regulator managing the system, who can proactively step in to block or unwind suspicious activity, turns out to be vastly preferable to the “code is law” status quo of most blockchain implementations. Not to mention most potential applications really need a mechanism for transactions to clear in seconds, rather than minutes to days, and it’d be preferable if they didn’t need to boil the oceans dry in the process of doing so.

If I was really reaching, I could maybe imagine a valid use case for say, a hypothetical, federated open source game that needed to have a trusted way for every node to validate the creation and trading of loot and items, that could serve as a layer of protection against cheating nodes duping items, for instance. But that’s insanely niche, and for nearly every other use case a database held by a trusted entity is faster, simpler, safer, more efficient, and easier to manage.

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61 points

Crypto has a legitimate value, you can buy drugs with it.

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19 points

Honestly kinda miss when the drugs I did were illegal. I used to buy weed from this online seller that was really into designer drugs. The amount of time I used to spend on Erowid just to figure out wtf I was about to take.

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54 points

I’m glad you didn’t say NFTs because my Bored Ape will regain and triple its value any day now!

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11 points

Bro the GME short squeeze is going to hit any day now. We’re going to be millionaires bro, you just wait

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10 points

Yes. But companies bought into AI way more than they bought into crypto though, in many outlandish and stupid ways. And many AI companies sell it in ways they shouldn’t.

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7 points

As a counterpoint: https://en.wikipedia.org/wiki/Long_Blockchain_Corp.

Truly the hardest and most weird buy-in of crypto that happened.

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21 points
Deleted by creator
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14 points

AI is a ridiculous broad term these days. Everybody had been slapping the label on anything. It’s kinda like saying “transportation” and it means anything between babies crawling up to wrap drive and teleportation.

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5 points

The AI buzzword means machine learning. You give it a massive dataset and it identifies correlations.

Regular hand-coded AI is mostly simple state machines.

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6 points

Technically speaking how I differentiate it is:

  • clever algorithm is a good heuristic
  • statistics on steroids is machine learning
  • using a transformer model is AI (for now)
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103 points

Creating a specialized neural net to perform a specific function is cool. Slapping GPT into customer support because you like money is horse shit and I hope your company collapses. But yeah you’re right. Blockchain was a solution with basically no problems to fix. Neural nets are a tool that can do a ton of things, but everyone is content to use them as a hammer.

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36 points

Yes! “AI” defined as only LLMs and the party trick applications is a bubble. AI in general has been around for decades and will only continue to grow.

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1 point

I mean, block chain does have some actual uses, definitely more niche than LLMs though.

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-26 points

Try Venice Ai, free to use, won’t try to censor your topics. Still just a chat bot though (although I think it does image generation too).

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30 points

I’m sorry, what about their comment made you think they were asking for reccomendations?

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-7 points
*

The part where they were saying they don’t like the current AIs they know about. Showing disapproval of the trend.

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7 points

the housing bubble.

ai is probably close second though.

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I think all the crypto scams, all the shitcoins, NFTs and other blockchain bullshit were much worse. At least AI companies usually don’t require you to give them large sums of money, they’re only after your data and absolutely fuck the environment by wasting absurd amounts of power, but they don’t try to take away your life savings

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7 points

Maybe real estate?

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19 points
*

Yeah, but the 0.1% remaining will take over the world.

Does anyone remember the era when there were a million search engines? Google didn’t spawn alone.

Same with Amazon. You think nobody else tried to make an online store in the 90s? Lol.

People are trying to vindicate their dislike of AI, pointing to trends like this as if it were supporting evidence. But saying “AI is going to be a big flop because 99% of companies today will end up failing” is as stupid as saying “online shopping will never work because 99% of online stores will close by the year 2010”

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-7 points

Wrong audience for this message. Most on lemmy are still running with their fingers in their ears yelling la-la-la really loud.

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1 point

Sure, but the difference here was that all those companies were offering something different. Some had better results than others, a better ui, more accuracy in certain niches, etc. But 99% of AI companies now are all effectively reselling the OpenAI API. They aren’t making an effort to differentiate themselves at all. It’s as if Google was the only shop in town, and everyone bought all their search data an algorithms to slap their logo on. That’s just simply not sustainable at anywhere near the scale it is now. This won’t be a 3-5 year decline, it’ll be a 2 month crash.

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6 points

I doubt anyone is downplaying that. People are just discussing how all companies are pushing A.I into products that don’t need it. Idk about you but I’m tired seeing A.I advertised as a feature on every app/site when it’s just a gpt wrapper.

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5 points

The rot has even spread into hardware. No one wants die space wasted on a stupid NPU with with less than 1/1000 of the computing power their GPU has and can’t be used for anything other than local LLMs which FTI very few people use and those that do tend to have powerful Nvidia GPUs.

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2 points
*

I’m having flashbacks to Windows 8 being heavily developed to be “touch optimized” at a time where 3% of computers had touchscreen capabilities.

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18 points
*

Same with Amazon. You think nobody else tried to make an online store in the 90s? Lol.

Fun fact: the first online store still exists. It’s Pizza Hut. They launched an experiment for online ordering in 1994. The first company to ever sell a product on the web.

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3 points

That is a fun fact!

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6 points

Yum brands has always been at the forefront of using tech to sell fast food. This was true then and is true now. Taco Bell has pioneered kiosks and in-app ordering as well as KDS in QSR environments.

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3 points

.com websites didn’t disappear after the dotcom bubble burst either. AI is definitely in a massive bubble right now, but something being in a bubble doesn’t mean it’s going to vanish completely. The AI companies with some substance backing them will weather the upcoming storm.

Full disclosure: I don’t hate AI, but I hate that management-types are fellating themselves to the idea of it or the things than it can potentially do, rather than something that is providing them some kind of concrete benefit right now. I’m also mad at consumers for being stupid little sheep and paying a premium for anything that companies just happen to slap an “AI-powered” sticker on. It’s like organic produce 2.0 - you have to have it, but we can’t explain why, nor can we elaborate on what it does better than it’s contemporary.

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7 points

'Member nfts?

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3 points

I member

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2 points

No one actually thought that they were a good idea it was just a bunch of con artists. It was a bubble for sure but it was an entirely artificially created one. There was no real business behind any of it.

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1 point

I would argue that this current AI bubble is artificially created by a different type of conmen.

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-8 points
*

I think less restrictive AI that are free, like Venice AI (you can ask it pretty much anything and it will not stop you) will be around for longer than ones that went with restrictive subscription models, and that eventually those other ones will become niche.

New technology always propagates further the freer it is to use and experiment with, and ChatGPT and OpenAI are quite restrictive and money hungry.

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75 points
*

As a major locally-hosted AI proponent, aka a kind of AI fan, absolutely. I’d wager it’s even worse than crypto, and I hate crypto.

What I’m kinda hoping happens is that bitnet takes off in the next few months/years, and that running a very smart model on a phone or desktop takes milliwatts… Who’s gonna buy into Sam Altman $7 trillion cloud scheme to burn the Earth when anyone can run models offline on their phones, instead of hitting APIs running on multi-kilowatt servers?

And ironically it may be a Chinese company like Alibaba that pops the bubble, lol.

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27 points

If bitnet takes off, that’s very good news for everyone.

The problem isn’t AI, it’s AI that’s so intensive to host that only corporations with big datacenters can do it.

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14 points

The fuck is bitnet

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1 point
*

What star said, but what it also does is turn hard matrix multiplication into simple addition.

Basically, AI will be hilariously easy to run compared to now once ASICs start coming out, thought it will run on CPUs/GPUs just fine.

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-1 points

Chinese tech leader wants west to slow down their progress on AI

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-3 points

Copium.

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