• Hyperreality
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    508 months ago

    It’s shocking to realise how much of capitalism is just irrational bullshit tulip mania nonsense.

    Sure, AI’s going to change the world, but some of the valuations are absurd.

    • David GerardOPMA
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      188 months ago

      true, it’s going to make it worse

    • @PriorityMotif@lemmy.world
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      128 months ago

      There’s a lot of people out there with no skills to develop a product that people actually need. They just jump on the hype train and try to sell people what is popular at the moment. Unfortunately, people are irrational, so they buy into the next big thing. Of course this has worked to a degree in the past, we got things like the car, personal computers, the Internet, smart phones, online shopping, etc. Other things became popular/ had big leaps due to necessity/demand, such as online store pickup and delivery, work from home applications, vaccine research. Other things have naturally developed over time out of expectation/ selling points, such as online search, auto correct, text to speech, translation, gps maps, and vehicle safety features like airbags and traction control. Calling an LLM AI is completely laughable when you realize that people have been doing advanced machine learning/bots for over a decade.

      • @corbin
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        78 months ago

        I agree, and also I find “over a decade” to be a very funny duration. ELIZA was developed in the 60s; it’s been over half a century since humans confused bots for people, which was the point.