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Ed Zitron announced an insider story that might blow up the AI grift
(discuss.tchncs.de)
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
I also doubt it'll be enough to "blow" the grift. "The market can remain irrational longer than you can remain solvent". Granted, Altman, Thiel and other scum are already feeling the metaphorical knife edging closer to their throats, because investors are just like loan sharks.
The companies plan to go public to let their early investors get rich, and leave dumb investors (and possibly pension funds obligated to buy things that are over a certain size) holding the bag.
I agree with you. I will say, the only way to blow this up would be to go for the investors. To scare them away. But like you say, the market is irrational. Hell, we see this with SpaceX and Tesla that are both grossly overvalued.
I am still looking forward to his revelations, because I like to watch pro AI gremlins suffer.