Not the first to notice this I'm sure but it feels like there's an insane amount of pressure pushing capital towards anything with a hint of AI legitimacy. It's as if asset owners across the planet have come to a consensus that the only industry that will matter going forward is this one (fair enough I guess), but this intense systemic pressure squeezes insane amounts of money toward litearlly any AI shaped outlet that opens up. It's just starting to feel like "scared and desperate" money more than "smart money".

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iqp 3 days ago | parent | next [-]

> the only industry that will matter going forward is this one (fair enough I guess)

Housing, healthcare, and food production all spring to mind as industries that matter waaaay more than AI! (≧ᗜ≦)

	▲	FuckButtons 3 days ago \| parent \| next [-]
		Not if all human labor becomes surplus to requirements.
	▲	johntash 2 days ago \| parent \| prev \| next [-]
		Matter more to who though? Probably not the people making most of the profits :)
	▲	tim333 2 days ago \| parent \| prev \| next [-]
		Have AI robots provide those?
	▲	subscribed 3 days ago \| parent \| prev [-]
		My bet is on ultra greedy trying to find the cure for death. They need best models for that.

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ktallett 3 days ago | parent | prev | next [-]

Is it not a case of many funders don't want to risk missing out on the next big thing? And a loss of a few billion now is better than the loss of many billions down the line and control of the future?

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gbnwl 3 days ago | parent [-]

Of course the motivation makes sense on the surface. What I'm getting at is that the supply of capital vs the supply of potential "control of the future" plays feels incredibly imbalanced. Money seems to be so desperate to move into AI it's lost all prudence (the particular people and company mentioned in the OP nonwithstanding, maybe they do deserve 1B).

"not wanting to risk missing out" is essentially just FOMO right? "Smart" money has feels more like FOMO money these days. We literally have shoe companies savying they're going to pivot to AI and having their market cap increase in multiples as reward.

	▲	ktallett 3 days ago \| parent [-]
		I don't think Silicon Valley has been smart money for a decade plus. Quantum Computing is becoming the exact same with academic and government funding. With a lot of cash being spent on long shots or no hopers.

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rglover 2 days ago | parent | prev [-]

Mass mimetic movements typically fail to sustain long-term. The tech isn't going away, but a lot of the people betting their next move on it will.