this post was submitted on 11 Oct 2023
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Things will live up to the hype and easily surpass it. That's not the issue. The issue is that people take the world of today and imagine how much better/faster/richer they could become if they had AI. The crux is by the time they have AI, everybody else has it too. Thus it loses its competitive advantage. It just raises the baseline.
If I had to create the thousands of images I have generated with AI three years ago it would have costs thousands if not millions of dollar, a gigantic almost insurmountable task. But that doesn't mean they have any value today. Everybody can produce similar images with a few clicks.
The whole point of AI is after all that it makes work that used to be difficult and expensive, cheap and easy, and nobody is going to pay huge amounts of money for a task that has become trivial.