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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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[–] Matriks404 11 points 9 months ago* (last edited 9 months ago) (1 children)

I remember YouTube videos or podcasts where presenters said that we'd have very advanced AI by GPT-5 and singularity is just around the corner. Marketing stuff of these companies pushing language models made us all fools (including me). Now finances are catching up to all this bullshit.

[–] [email protected] 16 points 9 months ago (1 children)

The same thing was said about self-driving. I recall arguing with people on reddit back in like 2018 who called me an idiot because I didn't believe we'd have full autonomous driving within the next few years. I swear these people jump from one fad to the next and dive into each one head first.

[–] [email protected] 4 points 9 months ago

Uh yes, they do. It's the same group of people falling for this stuff over and over. Crypto, NFTs, Self Driving, AI now. What's important to them is being able to point at this stuff and make a wojack face