I just saw a mention about how a homework help company called Chegg has had their stock drop 99% because everyone is just using ChatGPT.
They were a real functioning company, with hundreds or thousands of employees and contractors. All of whom are basically going to be laid off because some company burned through a bunch of VC money to lure everyone away with “the new thing“.
All the artists who lost jobs or commissions. All the companies who ended up wasting a ton of time trying to build AI or integrate AI features that aren’t actually useful. And maybe they’ll end up in a product in two years and by then no one will care or want them.
All the electricity, the silicon, the water for cooling, the new data center is being built that won’t be needed.
Just tons and tons of waste everywhere.
ChatGPT is neat. For all we know we’re near a local maxima of what we’re capable of achieving without another completely new approach that will take 10 or 15 years to figure out. There’s no proof that the acceleration and capabilities we’ve seen over the last 2 to 3 years will continue like that.
I know my company has been asked about adding AI into The main product I work on. I don’t see any benefit. I’ve been told when they ask the customers what it would do for them, they can’t say either. But they seem to have been trained to ask for it by the hype.
Remind me of all the nonsense about chat bots being integrated into every company’s webpage five or six years ago. They’re not helpful. But they were the thing.
ChatGPT has some uses, but is also way more expensive/wasteful.
I hope the hype moves on fast. I’d like this stuff that shakes out to stick around but what’s going on right now is just way too wasteful for my taste.
Feels like almost everyone is trying to build the biggest Z-Ray they can because they’ve been told it’s an amazing discover. No one actually knows what it is, or how to build one, but that hasn’t stopped trillions of dollars from being poured into it. And if we get there, it may not be worth anywhere near what was paid.