AI is pretty much killing social media in the long term. Even pre-AI, a good chunk of posts/comment sections on sites were bots/paid. Reddit is becoming less believable than ChatGPT. I guess there's still the Onion-verse.
I'm glad you approve of "most of the investment", unfortunately "productive companies" don't do as well as various financial instruments which operate largely on symbolic capital. Private equity, which is only accessible by "rich people", doesn't exactly worry too much about productivity vs leveraged buyouts. It's interesting that you feel so strongly about other people succeeding though. It might seem strange but other people want to succeed too (weirdly it seems all this "productivity" doesn't actually benefit those outside the privileged circles).
The comment is responding to a premise made regarding a person being hit by a car--which believe it or not--has legal ramifications. And we don't have to think about it regarding the pet, civil liability is still in play for them too.
For people outside the tech bubble, having strangers constantly market a product for a company they don't even work for as if it's their own spontaneous, original premise is "strange".
The person who killed the bystander has social/legal/financial ramifications. Google had zero.
Anyone ever ask themselves why they have a knee-jerk impulse to support a billion dollar company's attempt at centralizing transportation?I'm sorry but safety and making your life easier isn't Silicon Valley's main concern.
Ah yes security, the ultimate shakedown mechanic. Tony Soprano should've been in software sales. "You don't want anything happen to your nice little business do you??"
Most of their enterprise clients get bundled services so it often still retains its competitive edge. Their Power suite, Teams and the existing integrations make it cost effective even with the increases.
If most companies had to for some reason revert to Windows XP and MS Office from 1998, they would barely be impacted. There is literally no benefit to this subscription model besides paying for what you already have and what you don't want. None of this stuff needs to be on the cloud even for bigger firms. For the I need/like X in Office 365, it's not worth it from a costs perspective.
It's crazy that organizations are willing to spend millions of dollars on Microsoft Office simply because people are used to it. There are literally no features most people actually use that aren't completely duplicated in open source alternatives. Whatever amount of time it takes the user to find the button they're looking for costs less than the permanent subscription cost for something that will only get more bloated and expensive with time.
I think you're filling in the blanks for a pretty detail light-broad brush-click baity article. The $5 trillion that it cites is by its own words what they're "expected to spend". Also the global bond market is trillions of dollars worth and yes it is typically hedged.
Banks hedge investments-it's pretty standard and lowers their risk-weighted assets. If their investments are big, their hedges are big. If banks have a net negative view towards their AI investments, this article fails to articulate that (regardless of how many exciting adjectives they choose to use).
They're likely just waiting out the eventual crash and waiting to buy at the resulting fire sale. Microsoft has done a very good job of investing in the space enough to see a potentially lucrative pay out while managing the risk enough to not be sunk if it doesn't pan out.
Honestly these IPOs are likely to kill the market. Once the necessary disclosures are out, and the worse-case math people are assuming turns out to have been way more optimistic than the actual truth, the entire market is likely crashing since the money is so spread out. So far there has been zero good news from an investment perspective out of LLM centered companies outside of what are ultimately just complex financial engineered investments.
Along with the Xbox app and eye tracking software that took forever to get rid of (with many-many steps--that still got reinstalled with subsequent updates) out of my "Professional" Windows installation, having co-pilot embedded in every screen finally convinced me to switch to Linux--forever.
During COVID, studies supporting working from home leading to higher productivity were highlighted. Now when companies want people to come back, studies supporting working in an office producing higher productivity are highlighted. Funny how that works and this post is already 100+ points.
*cant wait to see those down votes for this comment
We live in a culture of transparency where you are rewarded for confessing your weaknesses. At the time people tackled their issues outside of print, outside of public discourse. Just because there's no record of a person's private life doesn't mean it was taboo. It's just not for you to know about.
This is bigger deal than it seems. Risk bureaucracies are hugely influential in terms of how companies/debt/equity is valued. They also tend to grow over time. This is probably a huge growth opportunity for insurance and a rock solid growth ceiling for AI use in certain industries. This is also not something that will go away. There is pretty much no political maneuvering or marketing or industry growth that will suppress it. This will lead to forced AI disclosures and insurance defined best practices that will likely not allow "hands-off" AI output without user sign off. Paradoxically this might create a moat for bigger AI firms who can keep up with the requirements.
Humans have biases. If LLMs are trained on content made by humans, it will be biased. This will always be built in (since what counts as bias is also cultural and contingent)
This is the kind of thing people get excited about for the first couple of months and then barely use it going forward. It's amazing how quickly the novelty of this amazing technology wears off. You realize how necessary meaning/identity/narrative is to media and how empty it gets (regardless of the output) when those elements are missing.