Railroads, e-commerce, and AI - all useful, all were (or may be) credit/stock bubbles. Railroads however have a much better depreciation schedule than GPUs.

▲

tootie 4 hours ago | parent [-]

He isn't arguing that AI is useless. Only that Nvidia is propping up a massive financial deck of cards and that all the giant numbers being tossed around are fantasies.

	▲	simianwords 4 hours ago \| parent \| next [-]
		> He isn't arguing that AI is useless. This is what he said in 2024 ----- The “iPhone moment” wasn’t a result of one thing, but a collection of different bits that formed an obvious whole — one device that did a bunch of things really, really well. LLMs have no such moment, nor do they have any one thing they do well, let alone really well. LLMs are famous not for their efficacy, but their inconsistency, with even ardent AI cultists warning people not to trust their output https://www.wheresyoured.at/never-forget-what-theyve-done/
	▲	woleium 4 hours ago \| parent \| prev [-]
		It’s supply and demand, as long as the demand is there the numbers can be maintained