Serge Forward
Just enjoyin' my coffee.
Or watch this. 23 mins.
23 minutes?!?? Thanks for the links all
Or watch this. 23 mins.
Salesforce."AI agents mean Salesforce won’t hire software engineers in 2025, apparently"
Strong opening
There's a quite useful breakdown on Adam Conover's show across two episodes which goes into depth about both the market situation driving Big Tech's AI push and the broader state of things for those with a bit of podcast time on their hands. Zitron is a bit over-bearish about predicting burst bubbles but the base analysis seems pretty sound.
(That'll be it from me on YouTube links)
Yeah, sounds like they had fun in Vegas but its just a bunch of Podcast Friends getting drunk and yakking it upZitron's podcast is quite entertaining. Although I wouldn't bother with the latest CES episodes.
Exactly how it came across to me.Yeah, sounds like they had fun in Vegas but its just a bunch of Podcast Friends getting drunk and yakking it up
I asked ChatGPT to summarise that.For the Zitron interview, the first half is all about Enshittification in tech (chasing Number Go Up while actively making the actual products worse).
The second half is about the AI bubble.
You could read Zitron instead of listening to him.
1st half: Never Forgive Them
2nd half: The Subprime AI Crisis
He doesn't half write a lot of words though so get a comfy chair!
Could you summarise the content of a web page for me?
ChatGPT said:
Sure! Please provide the URL or the text from the web page, and I can help summarize it for you.
You said:
The Subprime AI Crisis
None of what I write in this newsletter is about sowing doubt or "hating," but a sober evaluation of where we are today and where we may end up on the current path. I believe that the artificial intelligence boom — which would be better described as a generative AI boomwww.wheresyoured.atChatGPT said:
I currently can't access or view content directly from external websites. However, if you provide the text or key details from the page, I'd be happy to help summarize it for you!
Or if the dam thing could look at everyone's calendars and tell me when I can get all the people I need in the same room, that would be quite handy.
"AI agents mean Salesforce won’t hire software engineers in 2025, apparently"
Strong opening
I hate reading chat GPT output on other people's questions. As I said on another thread, it's always so boring verbose and equivocating.
I asked ChatGPT to summarise that.
In "The Subprime AI Crisis," Edward Zitron argues that the current generative AI boom is unsustainable and poised for collapse, potentially harming big tech companies, startups, and public perception of the tech industry.
He highlights several indicators of this impending downturn:
OpenAI's Financial Strain: OpenAI is seeking to raise substantial funds—at least $6.5 billion at a $150 billion valuation—and an additional $5 billion in debt. This aggressive fundraising is seen as a sign of financial instability.
Operational Challenges: The company faces increasing operational costs, with projected losses of $5 billion in 2024. Training more advanced AI models may require investments up to $100 billion, raising concerns about the sustainability of such expenditures.
Industry-Wide Implications: Zitron warns that the collapse of the AI bubble could lead to significant job losses and damage the broader tech ecosystem. He emphasizes the need for a sober evaluation of the current trajectory and its potential human cost.
Overall, Zitron calls for a critical reassessment of the generative AI industry's direction, cautioning against unchecked growth and the pursuit of unsustainable advancements
I asked the app the same question...Looks like this is a paid for feature.
In "The Subprime AI Crisis," Ed Zitron discusses the unsustainable nature of the current generative AI boom. He argues that many AI companies are integrating generative AI at prices that are far from stable and even further from profitable. Zitron highlights that companies like OpenAI and Anthropic are deeply unprofitable, with pricing strategies designed to attract customers rather than generate profit. He warns that this situation could lead to significant consequences for big tech, the startup ecosystem, and public perception of the tech industry.
Zitron also points out that OpenAI is attempting to raise substantial funds, including a $5 billion debt facility, indicating financial instability. He suggests that the AI industry is in a precarious position, with the potential for a significant downturn that could impact many individuals and companies.
Didn’t we get ‘biotech hubs’ sometime in the middle of those two? What happened to that?Call me a cynic, but the "AI will fix everything" approach smacks of the "the Internet will fix everything" approach of the 90s.
Is that AI forum ever going to be set up?
I think this illustrates that it's not just Technology, it's far more complex than that
I think we should avoid buying into this idea that AI is a force of nature and the next big thing for mankind. What it actually is is a handful of very complicated boondoggles whose usefulness and influence may have already peaked, insofar as it was ever real in the first place.
I mean if you need proof that AI is a dead duck, just read the thread title. Kier Starmer thinks it's a good idea.
I can't really read about this topic without hearing Adam Curtis intoning over a grainy clip of some irrelevant scene that...Even as Mr Starmer was addressing the people of the UK about AI, some 3 thousand miles away....I mean if you need proof that AI is a dead duck, just read the thread title. Kier Starmer thinks it's a good idea.
Genuinely, what is wrong with these people?Earlier I wondered if any journalists will ask interesting questions, potentially about the ownership of output of this new initiative. Predictably, the questions from mainstream journalists were utter shit:
"If the country is run by AI, won’t that put the country at risk of being hacked?"
"Won’t AI always try to increase its power. If it is running the MoD, couldn’t it declare war?"