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Cake day: June 26th, 2023

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  • Yes it will. None of the current AI companies are profitable, have never been profitable and most likely will never be profitable. Their business model simply isn’t economically sustainable. What is being invested in AI is basically imaginary money in a circle-jerk of companies like Nvidia, Anthropic, OpenAI and others. This artificially bloats their value and there is zero chance in hell that the AI bubble will not burst like nothing ever has before.

    This is not to say that LLMs and other fancy jargon generators cannot be useful. They absolutely can. What will probably happen is that people will realize that they are just fancy guessing machines without real understanding behind and learn to use them in that way. I hope at least.