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"The Subprime AI Crisis" - Ed Zitron on the bubble's impending collapse (www.wheresyoured.at)

submitted 1 month ago by BlueMonday1984@awful.systems to c/techtakes@awful.systems

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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 boom — is (as I've said before) unsustainable, and will ultimately collapse. I also fear that said collapse could be ruinous to big tech, deeply damaging to the startup ecosystem, and will further sour public support for the tech industry.

Can't blame Zitron for being pretty downbeat in this - given the AI bubble's size and side-effects, its easy to see how its bursting can have some cataclysmic effects.

(Shameless self-promo: I ended up writing a bit about the potential aftermath as well)

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[–] TommySoda@lemmy.world -5 points 1 month ago

I mean it's gotten to the point where I can't even keep track of all the different AI being pushed by companies. My prediction is some company is going to make a super efficient and helpful AI and everyone will start using that as a base point. Like how every company wanted a website before they all just migrated the majority of their information to social media like Facebook and Twitter. And let's be honest, most of the big companies making AI are not going to be the ones to do it. And even though they are improving, they are more interested in making money than better AI. We haven't seen a major breakthrough in months and the majority of progress is minimal. Every time they come out with a new model it's usually just the same with more bells and whistles.