| ▲ | empath75 an hour ago | |
> I think some people will make a lot of money and more people will lose a lot of money. --- Yeah, this is exactly right. The numbers look impossible because they _are_ impossible. The _vast majority_ of AI spend is wasted and the vast majority of AI companies are going to go bankrupt. There are _still_ going to be unimaginable amounts of wealth earned by the survivors. | ||
| ▲ | Lerc an hour ago | parent [-] | |
>The _vast majority_ of AI spend is wasted I don't think this part is correct. It is spent on things. There will be a quantity that will go training models that do not contribute research data or active use that you could say that the resources were wasted. If the money is spent on infrastructure or the resulting models found active use (or provided research insights) then I don't think you can say that the money has been wasted. I think a large proportion of the advances in AI that have come in the last year have come from being able to see the models from the previous year in action. That does not guarantee that money will be returned to investors, Just that it wasn't wasted. | ||