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The AI Bubble Warning Just Came From Europe’s Central Bank
(www.gadgetreview.com)
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
They are making the chips, building the data centers and collecting the data. None of those are the missing piece. The missing piece is being able to actually turn a profit from that entire pipeline.
Oh I agree. My point more was that this is the level of investment, and that these have to have perfect returns to be rational.
Are they rationally including replacing GPUs every three years? I mean, how many years before they even pay off the GPUs they have now?
Well they are, rationally, assuming they are gonna make "a genie that can grant any wish", so they will simply ask how to solve the next round of funding issues.
"As you can clearly see on the chart of our earnings projections, our revenue doubles on January 18th, 2027." "Yes, I can see that quite clearly, thank you."