What would be the difference? You do realize by betting it will go lower, without shorting, does imply I would expect it to go back up again as my wager is getting bitcoin. But like most people who trade bitcoin your brain doesn’t work and you just shout hodl while expecting people to take you seriously
The AI narrative went from “don’t build an app because Open Ai and Anthropic will just build it themselves” to “whatever OAI or Anth build I can just do it myself” real quick.
@wadhwa@GaryMarcus This is not sign their revenue models are imploding. This is a sign managers are idiots.
However, models ability to be really good happened way faster than expected. So localizing everything is going to really mess with these companies businesses.
@AlexanderKalian Definitely see the point. Either way makes sense. AI companies for sure are over valued though. Especially since their models will presumably be able to make themselves at some point?
@DamienPetersNBA Wemby needs to make a very hard decision “am I going to be a small forward on offense or Giannis with a decent jumper” you can’t bulk up and keep small forward ability but staying slim means they probably need another big.
Shorter Sam Altman: the AI bubble is popping.
Make no mistake, it's a hugely useful technology and uptake will continue, even accelerate. But the overinvestment in datacenters that we've been seeing is not sustainable; the business model of the big providers doesn't work, and is floating on VC money.
It's going to get worse. If customers are cutting back on token spend even at the artificially low prices they have now, what do you think they'll do when the big providers dramatically raise their rates in an effort to get to profitability?