this post was submitted on 17 Oct 2024
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Look you guys need to stop basing your entire worldview on tweets and opposition to people you don't like.
Nvidia has spent a very long time building out a concrete advantage when it comes to AI. This advantage is not only in their hardware, but in the tooling they built out. It'll take years before another competitor becomes truly viable, and NVIDIA isn't just standing still in the interim.
You're all also way too bearish on AI. I feel like you just have a blind hatred of "tech bros" and that gives you tunnel vision. AI isn't crypto, and it neither starts nor ends with Chatbots. While aspects of it are over-hyped, there are still many use cases where it'll be extremely relevant.
The problem isn't the potential usefulness of AI, it is the fact that everything related to AI is being massively overvalued resulting in a 'AI bubble'. It is similar to the dot.com bubble. Doesn't mean AI will disappear when the bubble burst, just that the valur of software and services with AI in them will normalize (like how the internet didn't disappear with the dot.com crash, just the valuation of software and services using the internet came back to what could be considered normal)
AI is not generating nearly enough revenue from the actual end users at the moment. Companies are betting on things being somehow different in the future, but my bet is price hikes and enshittification hitting the AI services when VC money starts running out.