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I think this is a good observation of the past, but applying these patterns to AI is like when people applied them liberally to cryptocurrency and claimed it would replace the internet protocol, which was a certain kind of exuberance of the ill informed.

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simonw 4 days ago | parent [-]

The difference, as always, is that AI is useful - in many different ways.

Crypto was useful for speculative investment and occasionally for working around money transfer restrictions.

	▲	jazzyjackson 2 days ago \| parent \| next [-]
		IMO they are the same, they make certain things easier than they used to be. Not everyone needs to make transactions without a bank looking over their shoulder, and I don't personally know anyone whose life is changed by being able to type 100x faster (or conversely, produce summaries 1/100th the length of the input) I continue to try applying small models to tasks life producing structured data from unstructured (using lmstudio's schema parameter) and it's really neat that I can extract data from work emails, but every once in a while it will hallucinate a new phone number when the one I needed was in the prompt, so it still hasn't met the kind of reliability I want in order to actually automate stuff where dollars are on the line
	▲	xk_id 4 days ago \| parent \| prev [-]
		What AI is useful for makes cryptocurrencies look marginally more useful by comparison.