- cross-posted to:
- PurchaseWithPurpose@lemmy.world
- cross-posted to:
- PurchaseWithPurpose@lemmy.world
cross-posted from: https://lemmy.world/post/44116850
The insane AI push is purely driven by fear of being left behind.
No one is actually stopping to ask whether it is all worth it.
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25% of CEOs know they’re throwing money away, but can’t stop because 100% of CEOs are throwing money away.
Are you really a rockstar CEO if you’re not throwing money away like all the other CEOs are throwing money away? In fact, you better throw it away harder.
And in larger quantities 🤣
Oh they’re finally admitting it? Ok, so we’re at least seeing progress that it is in fact a bubble. So we’re along the bubble highway. How much longer before the rich get tired of throwing that money away?
As long as it bursts after the bonus clears
It’s not driven by fear, it’s arrogance. They think they won’t be caught holding the bag. They continue investing because the stock will continue going up because people keep investing. It’s purely speculative gambling. No one in this entire industry cares if it ever turns a profit. Pichai just got a $692M payday, despite not gaining a single dollar of profit from AI.
This is mostly true for CEOs of for-profit corporations. But there are plenty of government orgs and non-profits also going hard on AI. They are afraid of falling behind and are trying to “make fetch happen” even though they don’t really have an answer for what AI will do for them.
You never know at what stage of the bubble you are. Will it burst in one year or five?
It’s more because of imbecilic investors. You can’t get 5 euros to do something useful, but you can easily get 10 if you commit to throwing 5 down the AI drain.
So the MOFOs have FOMO?
Just YOLO until FAFO.
I followed AI developments in the beginning, but it felt like really effective use cases were always just out of reach.
Last time I was using AI was before “Agentic” AI was a thing (it was just around the corner).
Can anyone clue me in, is AI still making forward progress? I feel like if there was a massive change or breakthrough it would be HUGE news, but I also imagine slow incremental progress could eventually build up to being a breakthrough.
I understand that it is still way too prone to errors and hallucinations to be trusted with serious tasks, but have there been any noteworthy improvements?
LLM-based coding agents have become useful to the point that people are building large software projects without humans writing or reviewing code directly. The naive approach to that will result in disaster if used in a production environment, but practices to improve reliability are evolving.
Popular opinion seems to be that Claude Opus 4.5 was the tipping point for this.
I like AI. I think it’s great for quick references or a starting point, but I’ve already seen projects scrapped and restarted because a bunch of junior devs used AI with no understanding and management gave up on them after a year where the number of significant bugs never decreased. Take one down, feed it to the AI, two more bugs in the tracker.
It’s changing rapidly, but handing automation tools to people who don’t understand the underlying concepts just gets you a bigger mess. There are no well-established best practices for how to use it safely and effectively because it’s too new and changing too fast.
It will settle down eventually, but a lot of people will do a lot of dumb things first.
So the forerunners in innovation just do whatever everybody else is doing.
Yes. Monkey see monkey do.
Those NFT apes come to mind
From the low/high IQ bell curve meme… “I’m smart enough to sell before the bubble bursts”
The problem with betting against it is that “the market can remain irrational longer than you can remain solvent”
So ignore it. Invest in companies that do actual material things that make money, and ignore the scams and bubbles. Am I missing something?
Am I missing something?
Just fear of missing out on the bubble rising higher before popping, assuming magical luck to get off the ride at the perfect moment.
In other words, idiocy. Idiocy is what you’re missing.
Wise to keep missing it, if you can.
one in five CEOs said they expect to make job cuts this year, though only 9% of those said they expect the layoffs to be the result of AI adoption.
An actual number. Nice to see a little honesty.
That figure seems optimistically low, given the role the technology has played in job cuts at…
Here we go.
Block
A company owned by a cryptocurrency and “current thing” enthusiast Jack Dorsey
Meta
Literally an AI company
Amazon
Pinterest,Autodesk, and many others.
Yeah sure
This tells me that each of them believes he alone is the stable genius master of the universe who will get out with exactly the right timing. Which is actually just another way of stating something I already knew: that they are psychopaths.
“Everyone deludes themselves into thinking it could work for them, and it never does. But maybe it’ll work for us.”
Yeah, the people is charge are gobsmackingly stupid.
You would fire any employee for this level of incompetence. For some strange reason meritocracy doesn’t exist at the leadership level anymore when that is the most important place for it.
Every company still investing in AI knowing their is no return should be broken up and disbanded at this point for gross financial negligence.
The dot-com bubble burst, but…well, it got better.
Of course there were some casualties (famously pets.com), but Microsoft, Cisco, Intel, Amazon…yeah they got their clock cleaned at the time, but long term they were pretty successful.
