this post was submitted on 01 Feb 2024
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371
AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)
submitted 9 months ago by [email protected] to c/technology
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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] CustodialTeapot 8 points 9 months ago (1 children)

AI isn't new. Algorithms "are" ai. All apps always used it. But it's changed from algorithms to AI.

[–] [email protected] 7 points 9 months ago (1 children)

AI is just a specific subset of algorithms, also not that new - first concept are from 1960 or so (from memory don't quote me) with perceptron. New is parallel computing power of modern chips - that allows for far better performance.

[–] CustodialTeapot 3 points 9 months ago

Absolutely is. It's fucking outstanding how big corps are eating it up.

Alrogithm corp = nothing new, boring low evaluation

Change it's name to:

AI corp= 1 BILLION DOLLARS!