"The economics are likely to be grim," Marcus wrote on his Substack. "Sky high valuation of companies like OpenAI and Microsoft are largely based on the notion that LLMs will, with continued scaling, become artificial general intelligence."
"As I have always warned," he added, "that's just a fantasy."
this post was submitted on 13 Nov 2024
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(5 replies)
Until Open AI announces a new 5t model or something and then the hype refreshes
AI was 99% a fad. Besides OpenAI and Nvidia, none of the other corporations bullshitting about AI have made anything remotely useful using it.
I would say LLMs specifically are in that ball park. Things like machine vision have been boringly productive and relatively un hyped.
There's certainly some utility to LLMs, but it's hard to see through all the crazy over estimations and being shoved everywhere by grifters.
Nvidia made money, but I've not seen OpenAI do anything useful, and they are not even profitable.
ChatGPT is basically the best LLM of its kind. As for Nvidia I'm not talking about hardware I'm talking about all of the models it's trained to do everything from DLSS and ACE to creating virtual characters that can converse and respond naturally to a human being.
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(5 replies)
Because nobody could have possibly saw that coming. /s
is this where we get to explain again why its not really ai?
Nope, just where you divest your stocks like any other tech run.
I have to do similar things when it comes to 'raytracing'. It meant one thing, and then a company comes along and calls something sorta similar the same thing, then everyone has these ideas of what it should be vs. what it actually is doing. Then later, a better version comes out that nearly matches the original term, but there's already a negative hype because it launched half baked and misnamed. Now they have to name the original thing something new new to market it because they destroyed the original name with a bad label and half baked product.
He is writing about LLM mainly, and that is absolutely AI, it's just not strong AI or general AI (AGI).
You can't invent your own meaning for existing established terms.
LLMs are AI in the same way that the lane assist on my car is AI. Tech companies, however, very carefully and deliberately play up LLMs as being AGI or close to it. See for example toe convenient fear-mongering over the "risks" of AI, as though ChatGPT will become Skynet.
LLMs are AI as it is defined in Computer Science, not SciFi. And the lane assist on your car might also be, although it may just be a well tuned PID for all I know.
I agree, but the problem is that the media (encouraged by tech companies) use the sci-fi definition, and the layman doesn't know any better.
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(4 replies)
Apparently, there was only so much IP to steal
I'm shocked I tell you
The tech priests of Mars were right; death to abominable intelligence.
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(1 replies)
It'll implode but there are much larger elephants in the room - geopolitical dumbassery and the suddenly transient nature of the CHIPS Act are two biggies.
Third, high flying growth, blue sky darlings, they're flaky. In a downturn growth is worth 0 fucking dollars, throw that shit in a dumpster and rotate into staples. People can push off a phone upgrade or new TV and cut down on subscriptions, but they'll always need Pampers.
The thing propping up AI and semis is an arms race between those high flying tech companies, so this whole thing is even more prone to imploding than tech itself, since a ton of revenue comes from tech. Sensitive sector supported by an already sensitive sector. House of cards with NVDA sitting right at the tippy top. Apple, Facebook, those kinds of companies, when they start trimming back it's over.
But, it's one of those things that is anyone's guess. When you think it's not even possible for everything to still have steam one of the big guys like TSMC posts some really delightful earnings and it gets another second wind, for the 29th time.
Definitely a house of cards tho, and suddenly a lot more precarious because suddenly nobody knows how policy will affect the industry or the market as a whole
They say shipping is the bellwhether of the economy and there's a lot of truth to that. I think semis are now the bellwhether of growth. Sit back and watch the change in the wind
nvidia at least sells shovels, they already made some real profit unlike openai
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(2 replies)
Great!! ....I don't what chatGPT to go anywhere, I use it every day and Google has become assss.