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Goldman Sachs put out a 31-page-report titled "Gen AI: Too Much Spend, Too Little Benefit?”
(www.goldmansachs.com)
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this post was submitted on 08 Jul 2024
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Man, I'm so curious when and to what extent this whole hype bubble will implode.
Like, we're not talking blockchain, there is some legitimate use-cases for generative AI, which will continue to exist.
However, there's also many legitimate use-cases which will not continue to exist, because Microsoft et al are subsidizing GenAI to an insane degree.
When the hype falls off, investors pull out their money and Microsoft cannot continue subsidizing, which will make prices shoot up for their customers and serve as a rough awakening to all the websites that integrated a crappy chatbot.
And of course, there's also the complete fucking bullshit use-cases, which will be gutted immediately when investors/management stop being hyped.
It's very strange when people assume there's no use for decentralized currency/finance.
It's even stranger when they assume there is some greater use for "AI" - the grifting heart of legitimate statistics, data analysis, etc.