what does any of that have to do with the reality of financing things currently providing unproven ROI in real world values?

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cyanydeez 15 hours ago | parent [-]

ok, lets take a todo app. Everyones naive first project in modern JS framework world. Before AI, it took a week worth of work to git some simple todos, maybe a calender function, probably a reminder. Some very set of basic functionality.

No one was going to buy it in that state, great.

Nowe we have AI; in an afternoon, it'll pound out a todo app and all your choice of fixings. Great!

No one is still going to buy it; 2x, because the "total addressable market" is not the globe, because, you know, joe over there learning basic programming can do it just the same as you now. There's no secret sauce.

Whose making money? the guy selling you AI. Great, but you know, your apps not going to sell when anyone can implement any moderately time consuming app.

So not only do you have the poor business model of your todo app, you also have the poor marketability of a todo app, since any AI can do it just as well as you.

So yeah, sure, AI is building apps, but aside from selling you this wonderful capability, it's a snake eating it's own tail.

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4d4m 14 hours ago | parent [-]

Its good to separate usecases and market fit from what the tools unlock. You can't use AI to front-run the discovery and research processes, which like you said many people find out too late. Their next iteration includes this context usually.

	▲	bigbadfeline 11 hours ago \| parent [-]
		> Its good to separate usecases and market fit from what the tools unlock. Good for what? It doesn't affect the economic equation in any way. > You can't use AI to front-run the discovery and research processes, > Their next iteration includes this context Still no change to the fact that "aside from selling you this wonderful capability, it's a snake eating it's own tail". AGI simply doesn't fit in the current economic model and it's tempting to assume that the econ model will change to accommodate AI for the good of the people -surely the big AI bosses keep promising it and will continue to do so. However, all evidence on the ground paints a different picture of the future - continued inflation, compute and general asset trickle-up and concentration, with a government too entangled in the scheme to be able to change it.