Almost all of the internet build out happened between 1998 and 2008, and cost about $1T and was adding $1T to the economy annually by the end of that buildout.
This latest AI hype cycle is also about 10 years old and about $1T invested, and yet it's still a super-massive financial black hole with no economy-wide trillion dollar boost anywhere in sight.
The internet broadband, fiber, and cellular buildout changed the world significantly. This LLM buildout is doing no such thing and is unlikely to ever do so.
Approximately no one gave a flying fuck about “AI” at anything close to this scale and level of funding and hype before ChatGPT was released in Nov 2022. My non-tech friends and relatives couldn’t have named a single AI product, now they all use ChaptGPT, many of them daily and with paid accounts.
Let’s circle back in 2032 and see how much of this was “hype”.
> Approximately no one gave a flying fuck about “AI” at anything close to this scale and level of funding and hype before ChatGPT was released in Nov 2022.
I think that google image search is a really good example of useful results from the overall AI boom.
I do remember talking to someone in 2016 about the possibility of an AI winter if the image stuff didn't work out, so clearly I'm not the right person to talk to about that.
This latest AI hype cycle is also about 10 years old and about $1T invested, and yet it's still a super-massive financial black hole with no economy-wide trillion dollar boost anywhere in sight.
The internet broadband, fiber, and cellular buildout changed the world significantly. This LLM buildout is doing no such thing and is unlikely to ever do so.