this post was submitted on 25 Jun 2024
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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oh sure, it's an excellent company as a long-term hold. This is still a bubble and I think the numbers will go down when it pops.
I think this "AI" (a marketing term) bubble will flop per the article we linked in the post: this is a bubble fueled entirely by investors, mostly VC, throwing money into a fire of unprofitable businesses selling services at a loss that don't actually work.
I spoke to a pile of AI industry peons who think the VCs will get sick of setting money on fire by the end of this year. I woulda given it two years myself - there are hundreds of billions of dollars desperate for a home - but the number I was consistently hearing in March was "three quarters".
Maybe the Nvidia price will weather it. It took a hit when crypto crashed, though not a huge one.
The next AI winter can't come too soon. They're spinning up coal-fired power plants to supply the energy required to build these LLMs.