This is exactly why all these people talking about a “bubble” I think are misguided.

Are expectations way too high in the near term for tech companies and all of the crap that they’re talking? 100% totally agree. But this is “just another an AI cycle” and if you’re a practitioner it does look different than the previous ones.

However this kind of statement was not released for crypto, or for the Internet. Those were massively impactful technologies.

What you are actively seeing happening now are institutions saying “we have to change the way that we practice” “the way that we did business before is no longer as applicable as it’s going to be changing very rapidly in the future and we’re going to have to deal with that.”

That is not coming from investors or technology companies. That is coming from people who are utilizing this stuff and being impacted by it

So it is absolutely the case that there’s going to be some kind of financial changes but just like every other AI cycle we are left with a aggressively more capable technology that is more pervasive.

Everybody needs to be taking that seriously.

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rayiner an hour ago | parent | next [-]

AI is a real thing and it's the most significant development in the legal sector since the Internet. Saturday morning, I spent a couple of hours getting my arms around some discovery, which before would've taken me the whole day. Even if it never gets any better it's a huge step forward. It's not only going to change legal education, it's going to change what the pipeline looks like in law firms. Similarly to the changes I expect to see in any kind of white collar job where AI replaces a lot of the data analysis/data transformation work, leaving people to do more human interaction.

	▲	ElProlactin 16 minutes ago \| parent \| next [-]
		> Similarly to the changes I expect to see in any kind of white collar job where AI replaces a lot of the data analysis/data transformation work, leaving people to do more human interaction. Taking law as the example, I'm not sure I agree. Legal is largely a distress purchase. Very few clients actually want to spend time interacting with outside corporate counsel, a divorce lawyer, a personal injury lawyer, etc. The real value of an attorney is accountability. A person with a license and reputation who is on the hook for the advice they provide. But accountability is only worth buying if the judgment behind it is sound, and that judgment takes years to build. The problem is that much of what makes a "good" lawyer comes from years of doing unglamorous work as a junior, financed by clients. If AI reduces the ability of firms to subsidize training the next generation of lawyers, you get fewer "good" lawyers and the whole market keeps eroding. From what I've seen, the top AI models can now produce contracts that are on par with what I would have had to pay thousands of dollars for a decade ago, and the agents/chatbots are capable of collaborating with you to address fairly complex issues. If you have the money, you still run everything by a real attorney of course for the accountability piece, but the future is not bright for contract attorneys because people know even they're probably using AI to do half their work.
	▲	vouaobrasil 23 minutes ago \| parent \| prev [-]
		Indeed - it helps people become much more efficient. When it comes to law, that includes criminals as well. Whatever gains in efficiency happen on one side, they happen on the other too. Yes, everyone loves to say how they coded a cool side project in a day instead of a week, but what of the situation where AI is placed in a situation with two sides going against each other. The same old fight, but with better weapons.

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hatefulheart 22 minutes ago | parent | prev | next [-]

The bubble is about the market you wally not about whether statistical models are useful.

I wish people would stop being so dense.

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KPGv2 43 minutes ago | parent | prev [-]

> However this kind of statement was not released for crypto, or for the Internet. Those were massively impactful technologies.

How has crypto been massively impactful?

	▲	TurdF3rguson 3 minutes ago \| parent [-]
		The only way crypto touches lawyers that I can think of is smart contracts, and that's been.. minimally impactful at most.