This isn’t unique to AI.
80% of new businesses fail, period.
Inside the first 10 years. We’ve been fucking around with AI for less than three.
AI has been around much longer than 3 years… LLM is just a new twist.
And for the most part it’s still powered by underpaid South Asian manpower lol.
PyTorch and TensorFlow have been around for 7+ years… If there are South Asians hiding in my computer, I’ll find them…
AI: Actually Indians
AI: An Intern
Assholes Incorporated
Ok so what do I short and when?
NVDA and good luck
Sounds like I need to train an AI model to predict this and charge people for it.
The circle of AI
you can’t spell fail without AI.
Фэил
feɪl
Thank you for using IPA instead of other cheap beers.
I saw a dell bill board the other day saying they put the Ai in ipa and it had a picture of a laptop and a beer
Wait, are they saying that if you remove them (ai) then you’re just left with P? That’s kinda funny
Alcohol is disgusting.
phayl
Human creativity for the win!
It’s mainly because when everyone saw the “oh shiny” tech at first, they rushed it out as soon as possible with intent to replace people so that they can get away with doing less through AI.
Your average tech hype cycle. New tech comes out, lots of marketing, people try to shove everywhere, then things settle down and the tech either fills a certain chunk of the market or some noche or it dies.
Not with all new tech, just something that shakes normies’ imagination.
NFT, Blockchain, dot Com boom, there’s always another one
Even within a company. Saw coworkers that were trying to establish themselves as the AI pioneers and were backstabbing others get promotions based on how they could best use the ChatGPT AI.
Backstabbing your fellow coworkers over a chatbot has got to be one of the most pathetic things I’ve read recently
Most people don’t want to pay for AI. So they are building stuff that costs a lot for a market that is not willing to pay for it. It is mostly a gimmick for most people.
True for the consumer side, but I’d be willing to bet that a decent chunk of that money that giant corporations burned funded some serious research on AI that can go on to actually useful science things
Why don’t companies get this? If you make something free in the beginning, people will become conditioned that it’s not worth paying for.
And like, it’s not even a good gimmick. It’s a serious labour issue because the primary intent behind a lot of AI has always been to just phase out workers.
I’m all for ending work through technological advancement and universal income, but this definitely wasn’t going to get us that, so…
Well, why would I support something that mostly just threatens people’s livelihoods and gives even more power to the 0.1%?
And then on top of that, if they phase workers out without some kind of universal income, how the hell do the corporate overlords expect us to have money to fuel their greed?
Government subsidies!
Capitalism wastes money chasing new shiny tech thing
Yeah, we know. AI’s not special.
It might be in the volume and price of projects
And I was always taught that capitalism allocates the resources ideally. /s
The market is rational, that’s why casinos have so many customers!
*Probably typed on a smartphone, one of the most technology-dense products ever created by humanity, currently used by over half of humanity.
This approach has never worked but I admire your devotion to it.
Pareto principal for psyops, by a think tank organization too. Why is this nonsense tractable here?
What “wasting”? It’s the only case of trickle-down that almost works.
Welcome to AI:
The hype-cycle is the exception, not the norm. Very commonly stuff just ends up dying.
I doubt AI is going to die, it’s objectively useful in many cases. We just don’t need it absofuckinglutely everywhere.
AI not, but I’d be less certain about LLMs.
In a few years either people hate AI bots so much, that products with it start losing sales, or every coffee machine will have one. Exciting times ahead.
Is that better or worse than IT and software projects in general? It sounds like it might be better.
From the article - “which is twice the failure rate for non-AI technology-related startups.”
I guess I should a) read the article and b) have a slightly better outlook of the field I’m in.
This is very broad. Compare AI to software projects and it’s like a 5% difference. Picking every non AI and put it into the same pool is very misleading.
It’s much worse. Generally speaking projects in large corporations at least try to make sense and to have a decent chance to return something of value. But with AI projects is like they all went insane, they disregard basic things, common sense, fundamental logic etc.
The interviews revealed that data scientists sometimes get distracted by the latest developments in AI and implement them in their projects without looking at the value that it will deliver.
At least part of this is due to resume-oriented development.
I read bits of a programming book once, can’t remember which one.
Halfway through it was revealed that all the code snippets they had were from a project that was abandoned before it was finished, once the people paying for it realised they no longer wanted it and stopped funding them.
I wasn’t sure what message to take from the book after that. Like, sure, my code is a load of shit, hodge-podged together at the request of people who don’t really know what they want, but at least I’ve got people out there using it…
To be fair, a large fraction of software projects fail. AI is probably worse because there’s probably little notion of how AI actually applied to the problem so that execution is hampered from the start.
https://www.nbcnews.com/id/wbna27190518
https://www.zdnet.com/article/study-68-percent-of-it-projects-fail/
This was my first thought. VC’s always expect 4 out of 5 projects they invest in to fail and always have. But it still makes them money because the successes pay off big. Is the money and resources wasted? Welcome to modern capitalism.
Yeah I mean that’s r&d 20% success is pretty strong in a new field.
Yeah. I’d love to see this compared to other R&D success rates.
Wasting?
A bunch of rich guy’s money going to other people, enriching some of the recipients, in hopes of making the rich guy even richer? And the point of AI is to eliminate jobs that cost rich people money?
I’m all for more foolish AI failed investments.
It makes rich guys even richer. At the expense of other rich guys and just fools attracted.
It’s a circle jerk, don’t get fooled into thinking this is some new version of trickle down economics
It’s not trickle down at all. Definitely not what I was trying to say. Just rich people trading money among themselves in hopes of getting richer.
Imo it’s wasted in the sense that the money could have gone towards much better uses.
Which is not unique to AI, it’s just about the level of money involved.
What’s better than paying someone’s salary?
