But there's a real technological change going on. Machines are capable of performing tasks that were nearly unthinkable two years ago. There's real progress beneath the hype.
AI workloads are going to be dramatically more significant in the next decade. A shift like this opens up real opportunities for smaller players to capture enormous market share. If SiFive manages to develop the best AI hardware, they could become bigger than Apple. Or they could fumble and go out of business. Either of these outcomes is genuinely possible when this kind of technological shift happens.
Like what? What's unthinkable tasks are so useful thanks to AI?
Erasing strangers or unwanted items in the background on pictures taken by my phone locally from my Phone's photo app was unthinkable a few years since you needed Photoshop on a PC for that. I assume the TPU is doing heavy lifting on image segmentation since the UX is pretty much touch-to-erase.
They may be worth more than Arm, Ltd. in a decade or so. That also depends upon Arm making some more bone-headed decisions too.
https://i.imgur.com/y5BfxBF.jpg
Two years ago this immensely useful feat would have been impossible to accomplish in 30 seconds.
On a more serious note, ChatGPT has made made me a much more productive person. Recent example where it helped me a lot in getting an understanding of a new topic: https://news.ycombinator.com/item?id=37622335 - Even when it's making a fair amount of mistakes, it can be like a personal tutor who points you into the right directions when you're stumbling around in an unfamiliar field. Sort of like a much smarter search engine.
Granted, useful to me doesn't mean useful to you. But there's also people to whom search engines aren't useful, because they don't know how or when to use them.
Speech -> immersive vr is an engineering challenge at this point.
Theranos is a great example. Good number of rich jumped into the tech while those in the industry knew a drop of blood does not contain the proper sample size for testing multiple markers.
Dr. Varun Sivaram's book "Taming the Sun" even talks about Elon Musk's solar panel grifting tactics to seek and exploit investors.
How is this any different than investors going for the world changing technology such as blockchains and NFTs?
*Edit, fixed spelling.