I feel it’s a vaguely Australian term?

Lol confirmed both idiot and troll, thanks :)

All right, we are done here. I’ve tried to engage with you in a fair and honest way. Giving you the benefit of the doubt and trying to respond to the points you are trying to make.

But it appears you are just a troll or an idiot, either way I’m done.

Well maybe one person is a little bit more impressed by some pretty pictures than another person. I really don’t see what that has to do with a company like Microsoft putting their money into this? They don’t make songs or movie trailers.

To me I’m stunned but that’s just me, on top of this we’re only in year like 5 of AI going mainstream, where will it be in 10 years? 20 years?

This is a common trap a lot of people fall into. See what improvements have been made the last couple of years, who knows where it will end up right? Unfortunately, reality doesn’t work like that. Improvements made in the past don’t guarantee improvements will continue in the future. There are ceilings that can be run into and are hard to break. There can even be hard limits that are impossible to break. There might be good reasons to not further develop promising technologies from the past into the future. There is no such thing as infinite growth.

Edit:

Just checked out that song, man that song is shit…

“My job vanished without lift.” What does that even mean? That’s not even English.

And that’s just one of the dozens of issues I’ve seen in 30 secs. You are kidding yourself if you think this is the future, that’s one shit future bro.

What’s your point?

Sure that’s the point of venture capital, throwing some money at the wall and see what sticks. You’d expect to have most of them fail, but the one good one makes up for it.

However in this case it isn’t people throwing some money at startups. It’s large companies like Microsoft throwing trillions into this new tech. And not just the one company looking for a little niche to fill, all of them are all in, flooding the market with random shit.

Uber and Spotify are maybe not the best examples to use, although they are examples of people throwing away money in hopes of some sort of payoff (even though they both made a small profit recently, but nowhere near digging themselves out of the hole). They are however problematic in the way they operate. Uber’s whole deal is exploiting workers, turning employees into contractors just to exploit them. And also skirting regulations around taxis for the most part. They have been found to be illegal in a lot of civilised countries and had to change the way they do business there, limit their services or not operate in those countries at all. Spotify is music and the music industry is a whole thing I won’t get into.

The current AI bubble isn’t comparable to venture capital investing in some startups. It’s more comparable to the dotcom bubble, where the industry is perceived to move in a certain direction. Either companies invest heavily and get with the times, or they die. And smart investors put their money in anything with the new tech, since that’s where the money is going to be made. Back then the new tech was the internet, now the new tech is AI. We found out the hard way, it was total BS. The internet wasn’t the infinite money glitch people thought it was and we all paid the price.

However the scale of that bubble was small as compared to this new AI bubble. And the internet was absolutely a trans-formative technology, changing the way we work and live forever. It’s too early to say if this LLM based “AI” technology will do the same, but I doubt it. The amount of BS thrown around these days is too high. As someone with a somewhat good grasp of how LLMs actually work on a fundamental level, the promised made aren’t backed up by facts. And the amount of money being put into this aren’t near any even optimistic payoff in the future.

If you want to throw in a simple, over simplified example: This AI boom is more like people throwing money at Theranos than anything else.

Not simply operating at a loss, absolutely dumping their prices giving away their products for almost nothing to gain market share. They are burning money at an impressive rate, just for some imaginary payoff in the future.

Are you referring to the red ring of death on the Xbox? Because that has absolutely nothing to do with ATI. They just made the chips, it’s Microsoft that put them on the board. Most of the issues were caused by a poor connection between the chip and the board, not a hell of a lot ATI could do about that.

A lot of it was engineers underestimating the effect of thermals between 80 and 95 degrees for very long times, with cool down cycles in between. The thinking was this was just fine and wouldn’t be an issue. It turned out it was an issue, so they learnt from that and later generations didn’t really have that issue.

When my grandpa used to visit every Tuesday, he would join us for dinner, then some coffee after dinner. We would sit on the couch and chat a bit and at some point grandpa would fall asleep. The rest of us just went about our evening, watching some TV, playing a game, just chatting or whatever. After an hour or so, he would wake up, slap his knee, tell us it was a great evening and head home.

It was actually kind of sweet how that old man would fall asleep. That’s why you don’t fucking elect grandpa to run the country.