Everyone else is running around with a hammer, desperately looking for a 2x4. Applying it anywhere and everywhere hoping it does something, but I reckon for most of them if they were to do a cost analysis in the next ~5 years they'll have noticed how costly it was and how little it changed for their core solution.
The heavy hitters and potential big winners (outside of the above noted gatekeepers) are still yet to come thankfully.
I think we are rapidly approaching the proliferation of good, local models. 99% of “AI” does not need a fleet of thousands of A100s.
The best ideas come from proximity to a given problem, and the network to distribute (and test) a solution.
Outside of that all you can do is try to validate fast and build fast.
I don’t think it’s just the accuracy problem. In general, if you can figure out a solution to the accuracy problem, the rest of the field will too —- AI is just that hot right now. The stuff that will endure seems to be AI products attached to companies that already have strong relationships with customers.
The tech is just too widely available to build a moat that can stand up to a larger company just yet.
> And what about those self-driving cars we had such high hopes for? If Ford shutting down their autonomous driving technology is any indication, you’re still going to have to buckle into the driver’s seat for the foreseeable future.
Cruise and Waymo are both operating in major cities with fully autonomous cars driving real consumers around on their own...
I think the greater issue is that it is difficult to assess time-to-market. You to asses both what is useful, and how long it might take to build. Some things are just gonna need a lot R&D to work. AI-hype makes people underestimate how difficult it is to actually get things to work.
https://www.theverge.com/2016/9/18/12944506/lyft-self-drivin... <this was pretty absurd>
https://docplayer.net/59662295-The-2017-strategy-digital-aut... <Projected 4% of new cars in 2020 would be Level 3+ - it's approximately 0% today>
From what I read, Walmart’s Text To Shop feature that he led seems to be pretty buggy.
You know you’re in the silicon valley echo chamber when you think blockchain is some sea change. So far it’s proven to be of basically no use at all except perhaps convincing your dumbest friends they’re now expert currency traders.
"The crypto community must be applauded for its focus on identifying and measuring – and mitigating – illicit crypto activity. And the fiat community has much to learn from the crypto community." - https://antimoneylaundering.wtf/f/financial-crime-estimates-...
Pick any illegal use case online at random. 99% probability there's an option to pay via bitcoin or other crypto.
Pick any legal use case at random. 95% probability online, 99.9% probability offline there's no option to pay in bitcoin.
What kind of evidence would you expect to see?
Once you remove the geopolitics (that sovereign currency has), forex trading is just technical analysis which anyone can teach themselves
I don’t know, maybe Blockchain and/or crypto will be widely used one day, but it’s been around for quite a while now and so far it’s been nothing other than speculative gambling. It hasn’t really changed life for most people, other than maybe them having won or lost some money on it. It’s not exactly a ubiquitous technology that most people use every day. The internet and mobile phones impact all of our lives daily, even if we somehow opt out of them. NFTs don’t. It’s more akin to the advent of online poker than an iPhone currently, and hardly a once in a decade world changing tech.
And that’s sort of the point with LLMs too, it’s so new we don’t know if it’s going to be mobile devices or Bitcoin yet. I’m inclined to think the former too, but it’ll take time to tell.
It’s a bit of a buffer from disruption, but it’s hardly a strategic advantage. None of the e-commerce giants we know leveraged their position as tiny, remote corner stores to get there.
AI is not crypto(currency) but it has all the same hallmarks of fad and bubble. I wouldn't be surprised if in 12-18 months the high wears off and jokers are left holding the bag on unprofitable companies that are quickly getting eclipsed by power players re-establishing market dominance.