Fuck AI

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"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.

founded 2 years ago

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I won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me (fortune.com)

submitted 2 days ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

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I won the Pulitzer Prize for History for Lords of Finance, my account of how four central bankers’ decisions triggered the Great Depression. I have just completed 1873, a book on America’s railroad boom of the 1870s — the last time private capital flooded into a transformative new infrastructure technology at a scale comparable to 2%–3% of GDP. That research is why, when I look at the AI buildout today, I am genuinely frightened.

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[–] reluctant_squidd@lemmy.ca 4 points 2 days ago (1 children)

Google has the capital to try it out without leveraging too much debt I assume. They were wildly profitable before, so it makes a bit more sense.

I am really referring to the companies that are mostly invested in AI. Whether that’s the developers, or just investors with majority holdings. Either way, what’s the plan?

[–] HobbitFoot@thelemmy.club 3 points 2 days ago

All the AI companies have the same plan that other tech companies had. Set VC funding on fire until you shrink the market to the point where you can set monopolistic prices. The problem right now with AI is the same problem Uber and Lyft have; the market won't pay the break even price.