The smartphone improvements hit a rubber wall a few years ago (disregarding folding screens, that compose a small market share, improvement rate slowed down drastically), and the industry is doing fine. It’s not growing like it use to, but that just means people are keeping their smartphones for longer periods of time, not that people stopped using them.
Even if AI were to completely freeze right now, people will continue using it.
Why are people reacting like AI is going to get dropped?
It’s absurdly unprofitable. OpenAI has billions of dollars in debt. It absolutely burns through energy and requires a lot of expensive hardware. People aren’t willing to pay enough to make it break even, let alone profit
People differentiate AI (the technology) from AI (the product being peddled by big corporations) without making clear that nuance (Or they mean just LLMs, or they aren’t even aware the technology has a grassroots adoption outside of those big corporations). It will take time, and the bubble bursting might very well be a good thing for the technology into the future. If something is only know for it’s capitalistic exploits it’ll continue to be seen unfavorably even when it’s proven it’s value to those who care to look at it with an open mind. I read it mostly as those people rejoicing over those big corporations getting shafted for their greedy practices.
People are dumping billions of dollars into it, mostly power, but it cannot turn profit.
So the companies who, for example, revived a nuclear power facility in order to feed their machine with ever diminishing returns of quality output are going to shut everything down at massive losses and countless hours of human work and lifespan thrown down the drain.
This will have an economic impact quite large as many newly created jobs go up in smoke and businesses who structured around the assumption of continued availability of high end AI need to reorganize or go out of business.
Because novelty is all it has. As soon as it stops improving in a way that makes people say “oh that’s neat”, it has to stand on the practical merits of its capabilities, which is, well, not much.
I’m so baffled by this take. “Create a terraform module that implements two S3 buckets with cross-region bidirectional replication. Include standard module files like linting rules and enable precommit.” Could I write that? Yes. But does this provide an outstanding stub to start from? Also yes.
And beyond programming, it is otherwise having positive impact on science and medicine too. I mean, anybody who doesn’t see any merit has their head in the sand. That of course must be balanced with not falling for the hype, but the merits are very real.
There’s a pretty big difference between chatGPT and the science/medicine AIs.
And keep in mind that for LLMs and other chatbots, it’s not that they aren’t useful at all but that they aren’t useful enough to justify their costs. Microsoft is struggling to get significant uptake for Copilot addons in Microsoft 365, and this is when AI companies are still in their “sell below cost and light VC money on fire to survive long enough to gain market share” phase. What happens when the VC money dries up and AI companies have to double their prices (or more) in order to make enough revenue to cover their costs?
Nothing to argue with there. I agree. Many companies will go out of business. Fortunately we’ll still have the llama3’s and mistral’s laying around that I can run locally. On the other hand cost justification is a difficult equation with many variables, so maybe it is or will be in some cases worth the cost. I’m just saying there is some merit.
The merits are real. I do understand the deep mistrust people have for tech companies, but there’s far too much throwing out of the baby with the bath water.
As a solo developer, LLMs are a game-changer. They’ve allowed me to make amazing progress on some of my own projects that I’ve been stuck on for ages.
But it’s not just technical subjects that benefit from LLMs. ChatGPT has been a great travel guide for me. I uploaded a pic of some architecture in Berlin and it went into the history of it, I asked it about some damage to an old church in Spain - turned out to be from the Spanish civil war, where revolutionaries had been mowed down by Franco’s firing squads.
Just today, I was getting help from an LLM for an email to a Portuguese removals company. I sent my message in English with a Portuguese translation, but the guy just replied back with a single sentence in broken English:
“Yes a can , need tho mow m3 you need delivery after e gif the price”
The first bit is pretty obviously “Yes I can” but I couldn’t really be sure what he was trying to say with the rest of it. So I asked ChatGPT who responded:
It seems he’s saying he can handle the delivery but needs to know the total volume (in cubic meters) of your items before he can provide a price. Here’s how I’d interpret it:
“Yes, I can [do the delivery]. I need to know the [volume] in m³ for delivery, and then I’ll give you the price.”
Thanks to LLMs, I’m able to accomplish so many things that would have previously taken multiple internet searches and way more effort.
Huh?
The smartphone improvements hit a rubber wall a few years ago (disregarding folding screens, that compose a small market share, improvement rate slowed down drastically), and the industry is doing fine. It’s not growing like it use to, but that just means people are keeping their smartphones for longer periods of time, not that people stopped using them.
Even if AI were to completely freeze right now, people will continue using it.
Why are people reacting like AI is going to get dropped?
It’s absurdly unprofitable. OpenAI has billions of dollars in debt. It absolutely burns through energy and requires a lot of expensive hardware. People aren’t willing to pay enough to make it break even, let alone profit
People differentiate AI (the technology) from AI (the product being peddled by big corporations) without making clear that nuance (Or they mean just LLMs, or they aren’t even aware the technology has a grassroots adoption outside of those big corporations). It will take time, and the bubble bursting might very well be a good thing for the technology into the future. If something is only know for it’s capitalistic exploits it’ll continue to be seen unfavorably even when it’s proven it’s value to those who care to look at it with an open mind. I read it mostly as those people rejoicing over those big corporations getting shafted for their greedy practices.
People are dumping billions of dollars into it, mostly power, but it cannot turn profit.
So the companies who, for example, revived a nuclear power facility in order to feed their machine with ever diminishing returns of quality output are going to shut everything down at massive losses and countless hours of human work and lifespan thrown down the drain.
This will have an economic impact quite large as many newly created jobs go up in smoke and businesses who structured around the assumption of continued availability of high end AI need to reorganize or go out of business.
Search up the Dot Com Bubble.
Because in some eyes, infinite rapid growth is the only measure of success.
People pay real money for smartphones.
People pay real Money for AIaaS as well…
Because novelty is all it has. As soon as it stops improving in a way that makes people say “oh that’s neat”, it has to stand on the practical merits of its capabilities, which is, well, not much.
I’m so baffled by this take. “Create a terraform module that implements two S3 buckets with cross-region bidirectional replication. Include standard module files like linting rules and enable precommit.” Could I write that? Yes. But does this provide an outstanding stub to start from? Also yes.
And beyond programming, it is otherwise having positive impact on science and medicine too. I mean, anybody who doesn’t see any merit has their head in the sand. That of course must be balanced with not falling for the hype, but the merits are very real.
There’s a pretty big difference between chatGPT and the science/medicine AIs.
And keep in mind that for LLMs and other chatbots, it’s not that they aren’t useful at all but that they aren’t useful enough to justify their costs. Microsoft is struggling to get significant uptake for Copilot addons in Microsoft 365, and this is when AI companies are still in their “sell below cost and light VC money on fire to survive long enough to gain market share” phase. What happens when the VC money dries up and AI companies have to double their prices (or more) in order to make enough revenue to cover their costs?
Nothing to argue with there. I agree. Many companies will go out of business. Fortunately we’ll still have the llama3’s and mistral’s laying around that I can run locally. On the other hand cost justification is a difficult equation with many variables, so maybe it is or will be in some cases worth the cost. I’m just saying there is some merit.
The merits are real. I do understand the deep mistrust people have for tech companies, but there’s far too much throwing out of the baby with the bath water.
As a solo developer, LLMs are a game-changer. They’ve allowed me to make amazing progress on some of my own projects that I’ve been stuck on for ages.
But it’s not just technical subjects that benefit from LLMs. ChatGPT has been a great travel guide for me. I uploaded a pic of some architecture in Berlin and it went into the history of it, I asked it about some damage to an old church in Spain - turned out to be from the Spanish civil war, where revolutionaries had been mowed down by Franco’s firing squads.
Just today, I was getting help from an LLM for an email to a Portuguese removals company. I sent my message in English with a Portuguese translation, but the guy just replied back with a single sentence in broken English:
“Yes a can , need tho mow m3 you need delivery after e gif the price”
The first bit is pretty obviously “Yes I can” but I couldn’t really be sure what he was trying to say with the rest of it. So I asked ChatGPT who responded:
Thanks to LLMs, I’m able to accomplish so many things that would have previously taken multiple internet searches and way more effort.
Okay now justify the cost it took to create the tool.
Hope?