this post was submitted on 13 Aug 2023
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You can bitch about it all you want but the reality is that it actually works for a select group, the Amazons, Binances, etc. And that was always how it was going to be. The failures you point to are not a sign that these things don't work, they were always going to be there, they are like the people during the gold rush who found diddly squat, that doesn't mean there wasn't any gold.
Anyone who suggests that AI "will return to nothing" is a fool, and I don't think you really believe it either.
Crypto was and still is a scam, and everyone that's said so has just been validated for it. People saying that AI is overstated right now are being called fools, and the people who are AI-washing everything and blathering about how it's going to be the future are awfully defensive about it, so much so to resort to namecalling as opposed to substantiating it. As a consumer I hate ads anyway, so I'm indifferent to AI generated artwork for advertising, it's all shit to me anyway.
If my TV shows and movies are made formulaic by AI even moreso than they already are, I'll just patron the ones that are more entertaining and less formulaic. I fail to see how AI revolutionizes the world though by automating things we could already live without though. The only argument for the AI-washing we have is to push toward AGI, that we're clearly a very long ways off from still.
This just all stinks of the VR craze that hit in 2016 with all the lofty promises of simulating any possible experience, and in the end we got some minor reduction on the screen-door-effect while strapping Facebook to our faces and soon some Apple apps. But hey we spent hundreds of billions on some pipe dreams and made some people rich enough to not give a shit about VR anymore.
If "crypto" was just a scam then explain to me why the powers that be are rushing to get it out of the hands of the people and into the hands of central banks? To safe us from con artists? Or because it has the very real possibility to disrupt ingrained power structures?
Sounds like a case of confirmation bias. People like you existed when computers were invented and when the internet started. There are very real examples that I could point to to suggest how detrimental it all was, but in the grand scheme of things, it would be and extremely silly endeavor.
You didn't say it was overstated though, you said it'd return to nothing, and that is foolish. People like you are always good at putting up a straw man. You're not arguing against AI or crypto, but against the idea you have of them, an amalgam of the worst where everything is blown out of proportion. And every once in a while something goes to shit which makes you go "see! I was right!".
Every invention or leap in technology always has its benefits and downsides, instead of being a pessimistic drama queen, you should find the truth somewhere in the middle.