Is AI in a bubble? (bankrupt, stocks, work, companies)
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like meme stocks , they go up and up based on pie in the sky and the bigger fool theory , until they don’t .
we saw the same thing in the dot coms and tech before the 2000’s bust.
look at some of the greatest companies like ibm , cisco , general motors , etc , in their earlier days …then they were the slugs with terrible performance later on
actually On this date in 2012, Eastman Kodak filed bankruptcy. At its peak the company employed 145,000 people and was one of America’s most successful businesses. But it was made obsolete by technological changes in photography.
Four months after Kodak declared bankruptcy, Facebook bought Instagram, a one-year-old digital photo-sharing app, for $1 billion. The technology used by Instagram (digital photography and wireless photo sharing) had been possessed by Kodak for many years, but the company had never recognized its value, choosing instead to stay devoted to film.
so even the most successful innovative companies in their field can fall off the map by competition doing one better
Last edited by mathjak107; 01-20-2024 at 04:06 AM..
like meme stocks , they go up and up based on pie in the sky and the bigger fool theory , until they don’t .
we saw the same thing in the dot coms and tech before the 2000’s bust.
look at some of the greatest companies like ibm , cisco , general motors , etc , in their earlier days …then they were the slugs with terrible performance later on
And for God's sake don't forget AT&T (T) on this list.
AI is most certainly not a bubble and I've been saying that all year. The general public just doesn't understand it and fears AI. AI will change the world. AI is like the digital industrial revolution. How can computer software that does the work of humans but better 24/7 a bubble? Productivity will be through the roof for companies and expenses reduced. You can't say something is a bubble just because its value has gone up and you don't understand why. When everyone thinks something is a bubble it usually isn't.
Nvidia's revenue more than tripled in the third quarter from the prior year due to soaring demand from cloud and internet companies for its GPUs. Analysts are expecting a similar increase for the fourth quarter.
Nvidia got a huge vote of confidence on Thursday when Meta (META) CEO Mark Zuckerberg announced that the company is spending billions of dollars to acquire thousands of Nvidia chips for its AI projects. In an Instagram Reels post, Zuckerberg said Meta will build out AI infrastructure complete with 350,000 Nvidia H100 chips by the end of 2024 with the goal of developing general artificial intelligence.
or LUCENT TECHNOLOGY which came from bell labs and western electric ..the biggest tech innovators of their day
I owned stock in Lucent and @Home Network in the late 90's because I was pretty certain broadband internet was going to be the future. Held both until the end, oops.
or LUCENT TECHNOLOGY which came from bell labs and western electric ..the biggest tech innovators of their day
My wife was an engineer at Western Electric during that time. Bell Labs was focused on a fiber optic version of their traditional switched telephone network model. They dismissed the notion that packet data networks (Cisco et al) and TCP/IP would ever gain a foothold. A $50T mistake…and the rest is history.
AI as exhibited today is nothing new. These GPTs are too centralized to be useful for 90% of businesses.
yep , the most technically innovative companies went the wayside for one reason or another.
i mean who ever thought ibm would turn out to be such a dog
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