This is anecdotal, but I now personally know two employees of #AI-related companies whose valuations have imploded within the past month, and they are now looking to bail. One company lost 73% of their (publicly traded) value in a month. The other one is a startup whose founder (according to my friend) has “finally snapped”, and the company is now in freefall.
18 March: “I believe that AI has 3 quarters to prove itself before the apocalypse comes, and when it does, it will be that much worse, savaging the revenues of the biggest companies in tech. Once usage drops, so will the remarkable amounts of revenue that have flowed into big tech, and so will acres of data centers sit unused, the cloud equivalent of the massive overhiring we saw in post-lockdown Silicon Valley.”
@drahardja What do you think is causing it? It looks like some were very speculative prototypes without the ability to deliver. (Devin is a prime example.) I also see a similar situation to Instagram being acquired and the investors behind other photo apps realizing they could not compete and backing out. Right now it looks like the big players have sucked up nearly all of the oxygen and the limits we’ve known about LLM/GenAI have not been overcome as quickly as the overly optimistic people said would happen. I can see why a lot of investors have decided the party is over.
Another aspect is that I think many are finding the tasks they want to use with AI can be done on a computer without the cloud which makes the massive investments in cloud infra terrible waste of money and resources. That calculation must be happening in some startups.
‘The idea of #AI wearables is not new. Enough time may have passed for Silicon Valley to forget the debacle of Google #Glass, the AI-powered headset that the search company launched in 2013 but largely abandoned just two years later. But the reaction to #Humane will only fuel suspicion that the latest attempts to reboot Glass are just another manifestation of an AI funding bubble.’ https://www.ft.com/content/ccec597d-11bb-4105-858f-78580d4331a1
It appears quite obvious (eg Apple crush ad response, Stack Overflow post defacement/deleting) that people are feeling spicy and are ready to be ungovernable with respect to AI overlords.
"California could soon deploy generative artificial intelligence tools to help REDUCE TRAFFIC JAMS, make ROADS SAFER and PROVIDE TAX GUIDANCE, among other things"
yeah... that'll end well 🙄
Google & Microsoft will be paid $1 for the services but handed a fuckton of personal information linked to taxes and car ownership. that in itself is worth billions to the corrupt techbros running this new AI-is-labor-without-people scam.
@blogdiva What’s nice about this is that people will notice AI traffic fuckups in real time. And who among us, caught in a traffic snarl up isn’t calm, patient, and understanding?
“I’ve been caught up in this AI created traffic for an hour, but that’s ok, because in 10 years AI will reach its potential. God, I love AI!” is a thing that everybody will think.
Are folks using #ai copilots for generating code successfully? Mine gets confused on syntax a bunch but it's a local model which is general rather than code specific. Like I wonder if I am prompting it poorly or something
"I’m happy to use LLMs for all sorts of purposes, but I’m not going to use them to produce slop. I attach my name and stake my credibility on the things that I publish." #AIhttps://werd.io/view/663d04995988d73dfc051f32
“In the past, it was really difficult to spot these things, because you can’t take samples from an image on the internet. But, with the new technology, it’s easy. You can just download an image and then in 10 minutes, you will know. I think that people should be warned.”
'AI can do wonderful things. But civil rights can’t exist in a world of hidden calculations. Just as with a lawyer or doctor, we must have AI that acts in our self-interest. AI needs a constitution — or more accurately, we need a constitution that defines access to artificial intelligence acting solely on our behalf as a civil right'!
We need an constitution for AI not an AI manifesto!
@pamelafox@horovits@kevlin Some benefits are undeniable. And, as with everything AI now, the technology itself will improve. But talking with potential users I understand that the expectation bar is very high now. Some people really think that they can do without developers, or almost without.
It's partly their fault (developing is not just writing code) but they can't be totally blamed for believing guys like Nvidia CEO, who says that learning to write code is useless now.
I'm quite skeptic, not about the tech but about how it's marketed and potentially used. But it's me, I do not trust corporations.
@bitzero@horovits@kevlin Yeah thats fair, I dont think writing code is useless. We should teach folks how to be able to use assistants and reason about their output and what tools can verify correctness (whether your code is from head, SO, or AI). Real software has edge cases, and I dont think we can automate them away anytime soon or ever.
Internet Horrified at AI App for Cloning Dead Family Members
"It's unclear what kind of data Vera AI uses to teach its chatbots. A previous version of the app's Google Play page noted that the app has access to the "contents of your USB storage" including "photos, media, and files.""
Spotted a running process called "Logi AI Prompt Builder" and have now discovered that my mouse driver auto updated to add a bullshit #AI feature. 😡 #Logitech