It is a bit circular but it also a growing real market. NVIDIA is accelerating the market and also making money. It is a smart strategy on their part.

We are not at the top of this trend yet so I do not see this as over investment.

I remember the criticism Microsoft got for investing in Facebook/Meta that gave them a whooping $15B valuation and getting 1.7% in 2007. Not all deals will turn out that prescient but a few will and make up for any duds. This is a real market.

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BunsanSpace 3 hours ago | parent | next [-]

> It is a smart strategy on their part.

No, it's a high risk gamble.

If the market grows enough they will win the bet, but if the market doesn't or we get a recession that dries up capital they will be holding the bag.

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Avicebron 3 hours ago | parent | next [-]

> If the market grows enough they will win the bet

So for this to become true there are some number of jobs that that pay $N salary are replaced completely by LLMs that do the job for $N-0.01?

Is that what you mean by "market grows enough"

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bhouston 3 hours ago | parent | prev [-]

> No, it's a high risk gamble.

Even in a recession I think the shift towards AI would just accelerate since it is usually cheaper than humans.

The real risk I feel if what if AI is too successful and there is a lack of human demand because of dropping wages/employment?

(Then I wonder if sentient robot demand will make up for it? Although I realize that veers into science fiction futures.)

	▲	someguyiguess 2 hours ago \| parent [-]
		I think it’s safe to venture into science fiction futures at this point. We have AI and government mass surveillance technology. We’re living in science fiction futures.

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malthaus an hour ago | parent | prev | next [-]

sure, as long things go up, smart. when things no longer go up, they will take the whole economy down with them akin to the banking crisis in 2008 or the dotcom bubble before that (which both had far less circular incestuous activity going on) and will shamelessly act surprised after the fact.

as long as things go up people conveniently ignore the lessons from the past.

we are long overdue for a correction and given the fear mongering oligopoly shenanigans we must be very close.

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ulfw 3 hours ago | parent | prev [-]

Tell us how you know we are not at the top of this trend yet please

	▲	bhouston 3 hours ago \| parent [-]
		Because the benchmarks are stilling going up fairly rapidly. There are rumors of RSI. We are not at the top definitely. And then the following trend will be humanoids and similar and they are barely getting started.