The value can be incredibly high... just like the value of the internet was incredibly high.. and it can still be a finanfial bubble. I feel like the people arguing against the bubble perspective are saying look the internet was actually valuable and so too will this.. and that's totally a valid perspective. The bubble is not about whether there's value but about whether or not the market will come down. All of the above can totally happen

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mmooss an hour ago | parent | next [-]

An essential point.

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pegasus 4 hours ago | parent | prev | next [-]

Yep. It seems somewhat inevitable to have a readjustment at some point. Both Web 2.0 (online retail) and AI are (rightfully, I believe) creating a lot of buzz and stimulating a lot of investment. It's all very new and exciting and there is bound to be a lot of hit and miss activity. Once the dust settles, the misguided bets will become more obvious and there will be a culling, just as we had during the dot com bubble.

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worik 4 hours ago | parent | prev [-]

> The value of modern AI seems very hig

Very useful, clearly. But valuable? In aggregate it seems clear that it is. But where does that value acrue? It seems to me the value will be thinly spread while the costs are concentrated.

It does not seem possible that any conceivable business can pay for all the announced plans for developing data centres, nor energy available to power them.

If AI systems can be developed to be trust worthy enough to act on their own, none so far (?), then I can see where the value could acrue, but as things stand?

	▲	mmooss an hour ago \| parent [-]
		> It seems to me the value will be thinly spread while the costs are concentrated. Won't the value will be concentrated in the few with the scale to build competitive AIs? In a sense, costs are spread thinly across the content creators whose work has been stolen. (But of course, it is indeed incredibly concentrated in building datacenters.)