this post was submitted on 21 Oct 2024
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Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts (www.tomshardware.com)
submitted 1 month ago by misk@sopuli.xyz to c/technology@lemmy.world
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[–] echodot@feddit.uk 2 points 4 weeks ago (1 children)

No one actually thought that they were a good idea it was just a bunch of con artists. It was a bubble for sure but it was an entirely artificially created one. There was no real business behind any of it.

[–] figjam@midwest.social 1 points 4 weeks ago (1 children)

I would argue that this current AI bubble is artificially created by a different type of conmen.

[–] echodot@feddit.uk 3 points 4 weeks ago (1 children)

Yeah but in fairness the AI actually does work. You can actually use the AI to achieve things I've never seen anybody achieve anything beneficial with NFTs

My argument really being that there is a potential for real benefit with AI in a way that never existed for made-up digital scarcity

[–] figjam@midwest.social 0 points 4 weeks ago

I totally agree with you and once dudes with dollar signs in their eyes stop with craming it in toasters I will be very happy to see where the tech goes.