YUP
No bubble has deserved to pop as much as AI deserves to
Blockchain and crypto were worse. „AI” has some actual use even if it’s way overblown.
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.
As a counterpoint: https://en.wikipedia.org/wiki/Long_Blockchain_Corp.
Truly the hardest and most weird buy-in of crypto that happened.
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.
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.
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.
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.
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.
I’m glad you didn’t say NFTs because my Bored Ape will regain and triple its value any day now!
Bro the GME short squeeze is going to hit any day now. We’re going to be millionaires bro, you just wait
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).
I’m sorry, what about their comment made you think they were asking for reccomendations?
The part where they were saying they don’t like the current AIs they know about. Showing disapproval of the trend.
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
Not shocked. It seems the tech bros like to troll us every few years.
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.
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.
https://www.microsoft.com/en-us/research/publication/bitnet-scaling-1-bit-transformers-for-large-language-models/ use 1 bit instead of 8 or 16, yay performance gainz
Tech makes bubbles because people think it’s magic.
