1y ago

AI is effectively ‘useless'—and it's created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns

23 comments

AI is a massive scam that is playing out in real time.
- Just like crypto was/is. It's just the next tech thing.
  
  It's there to continue inflating Nvidia stocks now that crypto crashed (again)
AI will eventually inbreed on it’s own shit that it got from the net
- That's already happening actually.
  
  Damn, AI business move fast.
The only thing the virtual dumbass is good for is being an expensive rubber duck for the programmer
So fuckin cool that they're microwaving all the ice in the world for this trash
~~It is telling there is no AI tax prep, or any other field with legal consequences for being wrong.~~
I am wrong, they exist. Just not flashy.
If it's so useless, why am I using it all the time for my job to speed up my work?
- If you bother to RTFA then you'll see that they mean it's useless from investor perspective because it uses a lot of energy, and there are limited practical applications for it. AI services that companies like MS and Google are offering are being subsidized by these companies, and they're subsidizing them because they expect that they will be able to make them profitable somehow going forward. If they can't then the bubble will burst because investors and shareholders aren't gonna keep dumping cash into this tech. The hype cycle around AI isn't new either, we've been here many times https://en.wikipedia.org/wiki/AI_winter
  
  There are many practical uses, and more to be discovered, but I think most of them won't be user-facing.
- Because you had a bullshit job to begin with?
  
  It's quite sad that a take like "if you find LLMs useful you must have a bullshit job" is getting upvoted in a technology community.
  
  I automate office processes, improving productivity. So literally the opposite of a bullshit job.
- What's your field of work? I work in IT and really try to find some day to day use cases where AI might help and I just don't seem to find any. The odd presentation or maybe a sprint review protocol, but nothing recurring or anything that feels game changing.
  
  It's useful when programming for generating straightforward code and giving high-level advice on well-trodden topics, though you do have to check both. And typing in questions does help me clarify my thinking, so it also serves as that premium rubber duck. Nothing I couldn't do without it, but sometimes I do find it convenient and helpful.
  
  Business process automation. I use it for everything from communications to programming.

23 comments