@drahardja Could it be that there’s a disconnect between technology and sales/marketing? Because I feel like I get whiplash from going between impressed and face palming.
I’m betting we’ll see some interesting smaller scale and helpful things popping up after this hype wave. But there’s going to be a repeat of the stupid NFT investments for sure. Wonder if we’ll end up with a big hiring wave. Hmm.
@breadbin I think there is definitely a disconnect between tech and sales/marketing, and that’s why the deflation is taking so long. Nothing brings reality and expectation together like bills coming due. By the end of Q2 2024 the AI hype would have been one year old, and I think corporate boards are going to demand to see evidence of ROI, which of course, will not be as rosy as they were promised.
Big hiring wave: I don’t think so. The tech sector immensely overhired during the pandemic, because they took the 2019/2020 demand curve and projected it out ad infinitum—which is of course absurd. However, I do think tech demand will plateau at a higher level than 2019, and so we will settle down on an employment level higher than 2019, just…not as high as 2021.
Apparently, MS and OpenAI are building a 100 billion dollar data center for more AI ... right as stories begin coming in about how it's very cool, but not that valuable. Has Sam Altman successfully convinced MS management that he has an actual AGI up his sleeve?
@datarama Since MS is an OpenAI investor (and is also self-profiting from OpenAI’s purchase of Azure compute), they are highly incentivized to keep the bubble going. That’s all supply-side, though. I think the demand-side of AI is going to deflate first: there will be a collapse of the number of customers willing to pay AI-based services.
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