The AI boom is more overhyped than the 1990s dot-com bubble, says top economist

[JaredTheDragon]

I'm still waiting to see AI.

Right now all I see are programs that gather information given to them and return a result asked of them to best of it's ability based on the data they've been fed. That's just a search engine.

Exactly. "AI" isn't real yet, and we have no indications or evidence that it ever will be. It's fiction. Anyone who doesn't understand this can be labeled AI, themselves. It's not rocket science.

 

[PXAbstraction]

Great read. Thanks.



This isn't any criticism of his article or points he's making but, to be fair to Cursor, Cursor isn't the one making the lies. They're just passing the lies on. OpenAI and co are the ones creating the false pricing structures and then pulling the rug, effectively, moments later.

Yeah, Ed doesn't always make his points in the best way and despite having an editor, his articles have the bloated length of an average Kojima cutscene. I think the point he was making here is that Cursor based their business around someone else's (not uncommon), but operated under the assumption that costs would never increase, which was naive to put it politely. If you base your business on someone else's platform, you have to be ready for price shocks like this because once the VCs start getting upset, they will always come.

 

[user556]

It's not a shock, the pricings are a lie. The link is right, I was just pointing out it isn't Cursor's lie is all. The rug pull is by design, and there'll be many more to come.

 

[OortCloud]

Tick, tick, tick, tick, boom!

 

[goatonastick]

Wow! So a trillion dollars isn't an overspend?
AI totally hasn't proven itself to anything close to worth that.

Nope, that's barely a quarter of NVIDIA's valuation. And by the way, the valuation of NVIDIA just proves how much AI is worth.