| ▲ | tombert 4 hours ago | |
I mean that's every tech company. I made a joke once after the first time I watched one of those Apple announcement shows in 2018, where I said "it's kind of sad, because there won't be any problems for us to solve because the iPhone XS Max is going to solve all of them". The US economy is pretty much a big vibes-based Ponzi scheme now, so I don't think we can single-out AI, I think we have to blame the fact that the CEOs running these things face no negative consequences for lying or embellishing and they do get rewarded for it because it will often bump the stock price. Is Tesla really worth more than every other car company combined in any kind of objective sense? I don't think so, I think people really like it when Elon lies to them about stuff that will come out "next year", and they feel no need to punish him economically. | ||
| ▲ | Terr_ 9 minutes ago | parent [-] | |
"Ponzi" requires records fraud and is popularly misused, sort of like if people started describing every software bug as "a stack overflow." I'd rather characterize it as extremes of Greater Fool Theory. | ||