this post was submitted on 15 Jul 2024
650 points (96.4% liked)
Fuck AI
5505 readers
705 users here now
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Okay, yes true. But have you considered that Big Number Go Up? Do you really want to miss the boat on this massive speculative opportunity?
That's probably why Goldman Sachs is against AI all the sudden: They didn't invest much in it and now everyone else is reaping gains in the stock market that they failed to take advantage of.
Goldman was strongly bullish on Microsoft in mid-2023, right before it went on a historical run, precisely because they had enormous faith in the OpenAI project. This is a huge heel turn relative to their multi-billion dollar investment in the company from last year.