Interesting article - a perspective I hadn’t seen as much so far

Interesting article - a perspective I hadn’t seen as much so far

https://www.wheresyoured.at/subprimeai/

https://www.wheresyoured.at/saaspocalypse-now/

creating and destroying; built flying cars & autonomous vehicles, now building /faust, more here: /july, web: july.rocks

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.

🎩 first, but I like being part of this experiment that is the Farcaster network. 

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 ...

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