July
@july
Interesting article - a perspective I hadn’t seen as much so far https://www.wheresyoured.at/subprimeai/ https://www.wheresyoured.at/saaspocalypse-now/
15 replies
2 recasts
39 reactions
J Finn 🎩
@jdotfinn
have seen this guy on Twitter, he is mega bearish on OpenAI because they are burning cash. on one hand, he could be right, but Big Tech has shown a relentless appetite to fund these companies and have the cash on the Balance Sheet to do so.
1 reply
0 recast
4 reactions
July
@july
I'm curious about opposing views to the general status quo, as a lot of those around me are mega bullish generally on generative AI (which some of their arguments I don't disagree with, well maybe not the AGI in 2025 bs) but it's good to get gut checks on what may happen
2 replies
0 recast
7 reactions
J Finn 🎩
@jdotfinn
ya fair. there are quite a few bears on Gen AI; for example, Goldman Sachs (I know, I know) had an extensive report on it in June "Gen AI: too much spend, too little benefit?" that basically called it way overhyped. the reason is that the costs of the GPUs mean it is subsidized to consumers, and so the companies are burning tons of money, which requires more and more investment; meanwhile, the 'killer apps' have yet to emerge. I believe this is the core point of this guy Citron. I side more to the bearish side short-term, but that doesn't mean Big Tech won't fund these rounds at ridiculous valuations ...
1 reply
0 recast
2 reactions
will
@w
the music will continue as long as investors are bidding up the public companies dumping $$$ into AI two outcomes: 1/ meaningful AI revenue emerges (stripe is telling this story now, but it isn’t clear yet how much is experimental spend vs sustainable) 2/ investors become impatient and start punishing public stocks for overinvesting, which then quickly cascades back into the private markets i would say im cautiously bearish based on my own experience. i don’t want to over index on it, but i also can’t ignore it (“who do you trust — me, or your lying eyes?”)
0 reply
0 recast
3 reactions
