It just doesn't make sense to spend 7-8 years of school for only 20 meaningful years left of my career when I finish.
If ChatGPT and Stable Diffusion are fun and exciting to you, and you see their potential rather than get mired in their downsides, the least you could do for yourself is to move to product manage projects in that sphere, even without a PhD in the area.
exactly my intention :) I am learning as much as I can in the area, and trying to display that learning publicly, to help me get a role in the industry
PM/Product roles in the industry are extremely uncommon though. Overwhelmingly these places are only hiring engineers and researchers, and I understand why.
I have missed carrer oportunities due to the fact that I don't have any further academic achievements besides a bachelors's degree. The small startup might hire you, but the large bank, or more "settled" company, or a large consultancy (big4) won't. That has been my experience so far.
This is definitely not the case for applied roles (data scientist, applied scientist, ML engineer), I know many data scientists in large established companies (local and international banks, consulting, retail) who don't have PhDs.
I don't regret it much, as I was tired of being a broke student. Also I think the problems you run into in industry are more interesting. However, I do think my skills stagnated a bit and I learned more when doing research.
If you want to do research, and want to work somewhere prestigious, and plan to do it for a long time, then doing a PhD makes a lot of sense.
Additionally, the whole process of building a product around models is, again, much more interesting to me than figuring out the best algorithm to use.
Economics & stats background. Bachelor's only.