this post was submitted on 06 Sep 2024
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I don't mean it's like the dotcom bubble in terms of context, I mean in terms of feel. Dotcom had loads of investors scrambling to "get in on it" many not really understanding why or what it was worth but just wanted quick wins.
This has same feel, a bit like crypto as you say but I would say crypto is very niche in real world applications at the moment whereas AI does have real world usages.
They are not the ones we are being fed in the mainstream like it replacing coders or artists, it can help in those areas but it's just them trying to keep the hype going. Realistically it can be used very well for some medical research and diagnosis scenarios, as it can correlate patterns very easily showing likelyhood of genetic issues.
The game and media industry are very much trialling for voice and image synthesis for improving environmental design (texture synthesis) and providing dynamic voice synthesis based off actors likenesses. We have had peoples likenesses in movies for decades via cgi but it's only really now we can do the same but for voices and this isn't getting into logistics and/or financial where it is also seeing a lot of application.
Its not going to do much for the end consumer outside of the guff you currently use siri or alexa for etc, but inside the industries AI is very useful.
Crypto has a very real niche use for money laundering that it does exceptionally well.
AI does not appear to do anything significantly more effectively than a Google search circa 2018.
But neither can justify a multi billion dollar market cap on these terms.
Voice actors simply don't cost that much money. Procedural world building has existed for decades, but it's generally recognized as lackluster beside bespoke design and development.
These tools let you build bad digital experiences quickly.
For logistics and finance, a lot of what you're exploring is solved with the technology that underpins AI (modern graph theory). But LLMs don't get you that. They're an extraneous layer that takes enormous resources to compile and offers very little new value.
I disagree, there are loads of white papers detailing applications of AI in various industries, here's an example, cba googling more links for you.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7577280/
And loads more of its ineffectual nature and wastefulness.
Are you talking specifically about LLMs or Neural Network style AI in general? Super computers have been doing this sort of stuff for decades without much problem, and tbh the main issue is on training for LLMs inference is pretty computationally cheap
Idk if I'd point at a supercomputer system and suggest it was constructed "without much problem". Cray has significantly lagged the computer market as a whole.
Again, I would not consider anything in the LLM marketplace particularly cheap. Seems like they're losing money rapidly.