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/
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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.
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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
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July
@july
I also general do feel like tech as a sector in general is down pretty bad, and it is betting big on AI as a savior. If this doesn't pan out, as the author says for stock prices, we're really not going to be seeing a good time. I also do feel like we're all pretty SaaS'd out and this phase of the tech cycle seems like its the end. So I'm curious to see what will come of it, but I am definitely feeling cautious about all of this
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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 ...
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