this post was submitted on 21 Oct 2024
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Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts (www.tomshardware.com)
submitted 4 weeks ago by misk@sopuli.xyz to c/technology@lemmy.world
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[–] menemen@lemmy.world 17 points 4 weeks ago (2 children)

It will probably burst, but that does not man that AI will go away completly.

[–] Liz@midwest.social 6 points 4 weeks ago

Same thing happened to the Dot Com bubble. The fundamental technology has valid uses, but we're in the stage where some people are convinced it can be used for literally anything.

[–] ugjka@lemmy.world 2 points 4 weeks ago

It will burst because no one is going to pay subscription fee for every AI gizmo every app puts in your phone. The way they make any money now is just funneling more and more vc money in exchange of AGI promise (coming soon)