The actually applications of it (they do exist and they are valuable) pale in comparison and value to what it's valuation is based on, it's future promise.
When the people who say things like "AI is going to replace all accountants!" stop speaking the the future tense, it's value will be justified. For now, it's OpenAI spending billions developing a product they hope will make trillions and Nvidia is happy to sit in the background selling billions of dollars in compute.
In many cases there's no obvious way to collect additional revenue for AI features either. For example, Google now has an AI box in their search but will this translate to more ad revenue?
Right now I’d say it’s 5% functionality and 95% marketing hype for companies that want investors to believe they are innovative. For the most part these companies are just incorporating chat bots and inaccurate abstraction layers into their platforms and calling it the greatest transformation in history. What feels off to me is that most of these people don’t have great track record with these types of predictions and are historically trend followers.
Yes, and the cognitive dissonance induced by comparing the actual applications of it to what the evangelists and marketeers say about it is extraordinary. The rhetorical gap widens apace.
The actually applications of it (they do exist and they are valuable) pale in comparison and value to what it's valuation is based on, it's future promise.
When the people who say things like "AI is going to replace all accountants!" stop speaking the the future tense, it's value will be justified. For now, it's OpenAI spending billions developing a product they hope will make trillions and Nvidia is happy to sit in the background selling billions of dollars in compute.