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AI Is Starting to Look Like the Dot Com Bubble (futurism.com)
submitted 3 years ago by to c/technology@lemmy.world
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As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[–] 16 points 3 years ago (4 children)

Where's all the "NoOoOoO this isn't like crypto it's gonna be different" people at now?

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  • [–] 19 points 3 years ago* (2 children)

    That's an incredibly bad comparison. LLMs are already used daily by many people saving them time in different aspects of their life and work. Crypto on the other hand is still looking for it's everyday use case.

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  • [–] 2 points 3 years ago*

    Yeah, I assumed the general consensus was "alt coins" in crypto or the scams themselves are the "bubble". But, Ethereum and initial projects that basically create the foundational technologies (smart contracts, etc) are still respected and I'd say has a use case, but is not "production ready?". So for AI/ML in LLMs at least, things like LLaMa, Stability's, GPT's, Anthropic's Claude, are not included in this bubble, since they aren't necessarily built on top of each other, but are separate implementations of a foundation. But, anything a layer higher maybe is.

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  • [–] 12 points 3 years ago

    I can derive value from LLMs. I already have. There's no value in crypto. And if you tell me there is, I won't agree. It's bullshit. So is this, but to a lesser degree.

    Mint some NFTs and tell me how that improves your life.

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  • [–] 11 points 3 years ago

    We're too busy automating our jobs.

    Really though, this was never like crypto/NFTs. AI is a toolset used to troubleshoot and amplify workloads. Tools survive no matter what, whereas crypto/NFT's died because they never had a use case.

    Just because a bunch of tech bros were throwing their wallets at a wall full of start ups that'll fail doesn't mean AI as a concept will fail. That's no different than saying because of the dot.com bubble that websites and the Internet are going to be a fad.

    Websites are a tool, just because everyone and their brother has one for no reason doesn't mean actual use cases won't appear (in fact they already exist, much like the websites that survived the internet bubble.)

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