Recommendation algorithms run on GPU's but they were running on GPU's previous to the AI hype and they are still running while running AI inference/training so those datacentres for AI are still gonna be vacated if demand drops down and so it isn't definitely something of an investment

These companies have sort of saturated their markets and thus joined into LLM etc. to try to catch the new shiny thing.

>You are alone in that opinion. These are some of the most profitable companies in history, which is why they make such a huge part of the S&P. You are talking about a feedback loop of investing, which is normal in any investment bull cycle. It can turn into a bubble and we may be at the start of one, but being an AI skeptic investor just means not participating and having poor returns. The future is uncertain and it sounds to me like you are looking for reasons not to invest.

Please try to change the word Ai in this sentence to crypto to see how relevant it might be :>

Also, this line kinda means "It may be a bubble but it pays right now" in the sense that you are basing your returns STILL on the fact of some predicted PE.

I am just saying that people shouldn't consider S&P 500 "safe enough" then I suppose due to this AI hype if there is even a sheer possiblity of bubble formation.

Higher profits generally mean higher risks and there is no free lunch. So S&P 500's higher profits does have a higher risk and people should know that risk before investing and my risk appetite doesn't support it and I am wondering how yours could.

Superior returns aren't easy and if someone's saying them without giving you the underlying reason ie. realized productivity gains in an underlying trade (think a house builder built a house which was productive to the family and they are gonna pay for it) (compare it to how messy AI is, and how we haven't really still discussed on why there is so much hype in the market when the economy is doing kinda bad)

> it sounds to me like you are looking for reasons not to invest.

Yes, I naturally took the discussion from this side in investing in S&P markets and It's wild how you think so when I really agreed to you on a lot of things and your last line sort of sums it except when you look at the true gravitas of the situation, there is almost very little uncertainty about that (so no need for maybe)

Sam Altman, CEO of OpenAI, has expressed concerns that the AI market may be experiencing a bubble, similar to the dot-com bubble of the late 1990s

This is my opinion too.

I was thinking of someone who wants to have a long time in the market as I think I said but time in the market beats the timing in teh market and so these "maybe" lines do frighten me. Do I want to mess around and find out if things are in a bubble with my money!? On a company which is massively enshittening itself in the names of AI (youtube auto dub comes to mind)

This was a good faith discussion and I appreciate it but I don't agree on how it means not participating in bubble-ish maybe activities means you aren't getting returns, its like saying that I am not getting returns on crypto because I am not participating... because the whole thing is bubblish & those returns aren't magical...

S&P should be considered a safe enough investment not something that is on the whims of a maybe, I suppose?

I really like your last line I must admit, and it can take both an AI skeptic (AI skeptic in the sense that the tech is cool but its not gonna generate much profit given the investment) and pro AI person...

> You are alone in this opinion ..

I;d genuinely love to know if that's the case and I really wish to create an Ask HN, linking to this discussion as I don't think that my take is unreasonable?