this post was submitted on 14 Jul 2024
488 points (96.9% liked)
Technology
60060 readers
3424 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Financially? Yeah, AI is a bubble for sure. Gobs of money are being poured in with few results to show for it. That bubble will burst. But just like the dotcom bubble, that doesn't mean the technology is useless or won't change the world, just not instantly over night with a single investment, which is what the investment groups expect.
This technology requires finance. You can't train a model without millions of dollars.
If the money goes the technology is dead until the cost of the training machines comes down a few orders of magnitude.
At least in the US, the research is fairly isolated from capital markets. The military pours huge amounts of money into research on new tech like this, often over ambitiously and with no real expectation of short term returns. Even if there is a financial bubble burst that shuts down a lot of the commercial operations, universities and military contractors will continue working and publishing papers improving the state of the art until industry decides it’s time to try commercializing it again. It’s the basic pattern that has brought us most of the major tech innovations in the US.