yeah, i kicked myself after for omitting the lawsuits and licensing costs!
ECONOMY
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Jensen Huang continues minting money in AI hardware boom
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yes huge profits there; should have clarified that (was focused on the GenAI companies). Jensen will continue to mint money.
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Gen AI Hype: Solution Seeking Problem, Billions at Risk
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In reality, there is a thick cloud of smokey hype around AI, and it's not clear that the promises being made by the corps betting billions will ever be fulfilled (IMO gen AI is ~a solution in search of a problem so big it justifies the $$ to create/run it, which few do). 6/
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Public Funding Diversion: AI Research vs Essential Services
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Which raises a much more urgent question: does AI justify the diversion of such funding from, say, libraries, parks, schools, etc. to Google, Amazon, Microsoft on behalf of research? And if so, where's the hard proof backing this significant tradeoff? 7/
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Big Tech Marketing and AI Resource Allocation Critique
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But it's not just this. By accepting the frame that such access is vital/necessary, we're buying into Big Tech marketing that says AI is real, lasting, and requires the diversion of billion$ (that could be spent otherwise). 5/
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Seven GPT-4 Competitors, Price Wars, Modest AI Adoption
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Prediction: By end of 2024 we will see
• 7-10 GPT-4 level models
• No massive advance (no GPT-5, or disappointing GPT-5)
• Price wars
• Very little moat for anyone
• No robust solution to hallucinations
• Modest lasting corporate adoption
• Modest profits, split 7-10 ways -
Generative AI in Practice: 100+ Business Application Launch
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I am so excited to personally invite you to the launch of my new book #GenerativeAI in Practice: 100+ Amazing Ways Generative #ArtificialIntelligence (#AI) Is Changing Business And Society, hosted by #Aimii in #MK Register: https://
lnkd.in/eaBkCDjt
Online: https://
lnkd.in/eeWg6cSi -
Monopoly on AI Investment Sector Discussed
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It’s a monopoly in a sector, viz on *investment in AI* I didn’t say people didn’t (or wouldn’t in my alternative history) still build tractors or fintech or whatever. Very uncharitable reading, put in rather kind words.
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AI Company Faces Competition, Legal Troubles, Strategic Challenges
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Sure but they also have already 4 close competitors that have largely caught up, with at least one competing on price, a dozen or so lawsuits, upcoming licensing costs, at least 2 or 3 federal investigations, no moat, high operating costs, and a desperate need to build something
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New Content Technology Replaces Jobs But Empowers More Creators
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So far, every new content creation technology has replaced parts of the previous industry, but empowered a larger number of people, and created more jobs. Despite printing press, photography, radio, VCR, computers, CGI, internet: more people are content producers than ever before