What? I touch mine all the time!

I think there was an inherent demand behind those examples though. Just the number of lives lost looking for the northwest passage showed how useful the Panama canal would be.

You're also comparing government spending in a lot of those cases Vs private capital. That fact shows how much power has shifted in the world already.

Anyone remember the dot-com bubble?

It’s the most inefficient technology but praised as the most efficient because it simply runs on investor money. But that well will run dry eventually and who will bear the cost then? Consumers without jobs?

I'm honestly hoping for a repeat. Hopefully Microsoft goes down this time too, since they're heavily into AI. Twitter, Meta, Google and Amazon too. It's really just the worst of the worst.

Ironically, Apple has some of the best odds of coming out of this reasonably healthy. “Apple Intelligence” follows the trend of most Apple services products, in that it is really intended to lock people into their ecosystem and keep buying iPhones. I’m just waiting for someone in the big 7 or whatever they’re called to publicly bow out of AI. I suspect the first one to do it might benefit a lot.

They remember it too. It's why they try to keep the bubble going by jumping to the next shiny investor lure. Just a few years it was all deep learning, blockchain and NFT. One guess is that they'll go for humanoid robots next.

Chatgpt, what is sunken cost fallacy and why are rich people so profoundly stupid?

This comment is underrated.

Make the internet 'net' again.

Suck it berg produced a platform for spreading hate snd constant relationship drama. Nothing he produces is good or helpful. He jumped on the Trump bandwagon like a little bitch the second he could. He's a real piece of work.

Why such wealth got into his hands is sick. It could be used for some real good if it went to someone with some compassion. At least Gates is trying to save his soul.

I disagree a bit. Any money the ultra-rich invest into research is better spent than on their next Mega-Yacht. Even if AI cannot meet the expectations of AGI etc.

At least they‘ve wasted their money for research of what doesn‘t work instead of just building silly products as for the .com bubble.

Humanity will gain insights to the kind of AI approaches that won‘t work much faster than without all the money. It‘s just an allocation of human efforts

Do so please, dump some more money! No need to make jobs, but destroy them from AI.

Not really. None of what has been going on with transformer models has been anything but hyper scaling. It's not really making fundamental advances in technology it's that they decided what they had at the scale they had makes convincing enough demos that the scam could start.

Believe it or not I can complain about more than one thing at a time.

There are people who both get llm summaries of their emails and get llm to rewrite what they send. It's amazing that anyone can't see how incredibly stupid it is

It has been more than just hyperscaling. First of all, the invention of transformers would likely be significantly delayed without the hype around CNNs in the first AI wave in 2014. OpenAI wouldn‘t have been founded and their early contributions (like Soft Actor-Critic RL) could have taken longer to be explored.

While I agree that the transformer architecture itself hasn‘t advanced far since 2018 apart from scaling, its success has significantly contributed to self-learning policies.

RLHF, Direct Policy Optimization, and in particular DeepSeek‘s GRPO are huge milestones for Reinforcement Learning which arguably is the most promising trajectory for actual intelligence. Those are a direct consequence of the money pumped into AI and the appeal it has to many smart and talented people around the world

Go broke

This is not that. They're all hoping to be the next Google or FaceBook. They know damned well most are going to lose. The gamble is that they won't be the one holding the bag when the bubble pops.

This is as high stakes as tech gets today.

This is no revelation. THEY KNOW. The play is obvious.

Not one these investors wants to risk missing out on being the next Google or FaceBook or Twitter or Amazon. They know damned well the vast majority will fail. They're gambling on not being the one left holding the bag.

AI is here to stay, will continue to improve, and there will be a killer app, probably a dozen. My money is on life sciences, particularly medicine.