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Study Finds Consumers Are Actively Turned Off by Products That Use AI (futurism.com)

submitted 3 months ago by morrowind@lemmy.ml to c/technology@lemmy.world

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[–] SlopppyEngineer@lemmy.world 85 points 3 months ago (2 children)

Yes, I'm getting some serious dot-com bubble vibes from the whole AI thing. But the dot-com boom produced Amazon, and every company is basically going all-in in the hope they are the new Amazon while in the end most will end up like pets.com but it's a risk they're willing to take.

[–] slaacaa@lemmy.world 59 points 3 months ago (1 children)

“You might lose all your money, but that is a risk I’m willing to take”

visionairy AI techbro talking to investors

[–] SlopppyEngineer@lemmy.world 13 points 3 months ago (2 children)

Investors pump money in a bunch of companies so the chances of at least one of them making it big and paying them back for all the failed investments is almost guaranteed. That's what taking risks is all about.

[–] verity_kindle@sh.itjust.works 9 points 3 months ago (1 children)

Sure, but it SEEMS, that some investors are relying on buzzword and hype, without research and ignoring the fundamentals of investing, i.e. besides the ever evolving claims of the CEO, is the company well managed? What is their cash flow and where is it going a year from now? Do the upper level managers have coke habits?

[–] slaacaa@lemmy.world 15 points 3 months ago (1 children)

You’re right, but these fundamentals don’t really matter anymore, investors are buying hype and hoping to sell a bigger hype for more money later.

[–] Aceticon@lemmy.world 10 points 3 months ago (1 children)

Seeing the whole thing as Knowingly Trading in Hype is actually a really good insight.

Certainly it neatly explains a lot.

[–] rottingleaf@lemmy.world 16 points 3 months ago

Also called a Ponzi scheme, where every participant knows it's a scam, but hopes to find some more fools before it crashes and leave with positive balance.

[–] Churbleyimyam@lemm.ee 6 points 3 months ago

If the whole sector turns out to be garbage it won't matter which particular set of companies within it you invest in; you will get burned if you cash out after everyone else.

[–] barsoap@lemm.ee 5 points 3 months ago

OpenAI will fail. StabilityAI will fail. CivitAI will prevail, mark my words.