Big short dude is correct. The Ai apocalypse is actually for the Ai datacenter business (nobody else) where their big bets are going to blow up, because local models are nearly as good, free, and getting better. Tech bros F’d up badly … now they use fear. Not nice.
Big Short investor Steve Eisman says the AI labs know they have no moats and are manufacturing a crisis to get regulation that hands them a duopoly
"I think this is all nonsense."
[ You think it's all nonsense? ]
"All nonsense. I think that there's something else completely going on here. ... What I think is happening is that token maxing is over. The open weight models are taking big market share. I think these companies are very nervous. They realize that there are no moats around their business whatsoever, and they're trying to manufacture a crisis that will create regulation, and that they think they can then manipulate to create the moats, to create the duopoly that they want."
[ Wow. ]
"That's what I think is going on."
"Honestly, I think this whole Terminator thing is garbage. That's for sure."
Ai dooming is out of control. Don’t fall for it! The opportunities and upside are endless. Every time a new tech comes out we see: 1. Doomers. 2. Old-school jobs disappear. 3. Doom narratives accelerate because of #2. 4. Whole bunch of new jobs and opportunities appear where early adopters do crazy well. 5. Eventually everyone realize the doom narratives are bunk. 6. Overall quality of life improves for everyone. 👍
I went on a date with a Brazilian who could not speak English and I can’t speak Portuguese. So I used Ai to do real-time voice translation. It kinda worked. ChatGPT was the best, 75% score, Grok was faster but it kept trying to butt into the conversation, 62%. Finally, Claude was a fail due to extreme lethargic verbosity. My date concurred.
33 years experience in software, I use Ai regularly … Ai will change the economy and while many jobs will go away (like magazines, newspapers, cd rom, film, VB6 devs etc ) … but in their place many new professionals will emerge. I am already seeing it now. The end result will be amazing for everyone. Yes, I see it that way because I’ve seen these doom narratives a few times before. Fake news. 🗞️
I’ve been supplying curriculum and classroom management software for 16 years. He is correct. My platform was designed to implement a self-paced approach to accommodate different student abilities. It works extremely well and teachers love it. Ai takes it to a whole new level.
@megynkelly Developer with over 30 years XPs here … these Ai doom scenarios are not founded in fact. Ai will just unlock massive productivity, and a whole new stratosphere of employment. The Web destroyed many newspaper and magazine jobs, but it created a far bigger industry.
I think this is correct.
I’ve been considering the new business model that is slowly emerging because of AI. How business is formed, ran and expanded is changing. What the moats are is changing.
@PaulPlamondon I would suggest looking to the tribe in Ontario, who’s homelessness program has had about a 90% effectiveness rate, which is far more effective than typical programs. All the best!