I had a conversation with someone some time in 2024 about Character Ai, wondering how something so obviously exploitative could exist, one data point to consider.
I don't think I know of anyone who denies the value of AI. I think 95% of the people who use it know that it is a tool and are angry / dismayed / confused about companies that are parading it around like a drop in replacement for anything.
Photoshop is a tool, vs code is a tool, git is a tool, excel is a tool. No one expected these to autonomously generate money.
People will be happy that the 5% who are delusional are going to be forced to reckon with the lies they've told themselves.
As an aside, I believe there will be a huge surge in crypto hype again once these sorts of get rich quick with AI schemes dry up.
Crypto always has been backed by the natural demand of drug consumers, drug dealers and drug sellers. Now with marijuana being somewhat legalized in more and more parts of the world and everyone being able to see that the war on cocaine is all but lost... I think the demand for crypto will not recover any more.
I'm gonna go, grab some popcorn and cry a few tears... tears of joy.
AI won't go away, it will just end up being a monopoly.
Photoshop is a tool, vs code is a tool, git is a tool, excel is a tool. No one expected these to autonomously generate money.
People will be happy that the 5% who are delusional are going to be forced to reckon with the lies they've told themselves.
As an aside, I believe there will be a huge surge in crypto hype again once these sorts of get rich quick with AI schemes dry up.
...that you can be a shit company with a shit product and a shit business model and still make a shit ton of money and get hired by Google?
Most pebbles don't start landslides, but almost all landslides started with a pebble.
Remember that almost all the "value" in AI companies right now is based on perception, not reported profits.
https://en.wikipedia.org/wiki/Panic_of_1873
Will c.ai be the pets.com of this bubble?