I think the whole system of venture capital might be garbage. We have bros spending millions of dollars like gif sharing while the oceans boil, our schools rot, and our infrastructure rusts or is sold off. Or, I guess I’m just indicting capitalism more generally. But having a few bros decide what to fund based on gutfeel and powerpoints seems like a particularly malignant form.
You think it might be??
Bro say that shit with some confidence.
Venture capital does not contribute beneficially to society.
Say it with your whole chest and both feet. Cuz it’s true.
Venture Capital is probably the best way to drain the billionaires. Those billions in capital weren’t wasted, that money just went to pay people who do actual work for a living. What good is all that money doing just sitting in some hedge fund account?
I don’t think it’s the best way out of all possible options. Even if it does “create jobs”, a lot of those jobs aren’t producing much of wider value, and most of the wealth stays in the hands of the ownership class. And a lot of the jobs are exploitive, like how “gig workers” are often treated.
Changes to tax law and enforcing anti-trust stuff would probably be more effective. We probably shouldn’t have bogus high finance shenanigans either. We definitely shouldn’t have billionaires.
Oh sure, I was mostly being flippant. My response to the article is basically that billionaires losing billions is a good thing. I don’t feel optimistic enough to say we’ll get around to taxing them but yes, that would be ideal.
I think you have a point here. Venture capitalists buy in the primary market. They are directly impacting innovation.
Fund managers (both hedge and long only) merely help capital markets to be liquid. Their money doesn’t directly go to anyone actually creating something.
The world is burning and the rich know this so they are desperate to multiply their money and secure their luxury survival bunkers, which is why they are gambling harder.
Oh yeah I think I read about Zucker building a bunker in hawaii. Hopefully he dies before he can enjoy it.
It’s not just fuckerberg, EVERY billionaire is doing it and desperately pumping their billionaire friends for tips and suggestions on things like ‘keeping guards loyal for multiple generations’, and ‘what commodities to hoard for trading after the collapse’.
One of the sites I used to support was a high-end automation service, normally for factory equipment and biotech but pivoted to luxury home automation (no IoT devices, all site hosted with aerospace grade equipment), and they have been running at 100% for the last seven years deploying to ultra wealthy residential estates where the location is not disclosed.
The wealthy are expecting us to rise up within the next decade and a half, and I think they’re probably right.
I remember seeing memes about this. I think it was the “boss throws guy out the window” template.
- “How can we keep our guards loyal? Drug them? Bomb collars?”
- “Maybe you could pay them and treat them with dignity and respect”
Personally I think we should start a campaign of jury nullification and “if you’re an EMT, and they’re a billionaire, let them die”, but I’m just one guy.
The current ferment in the billionaire community is that ‘starting a religion based on the family and offering marriage partners from within the family as a promise of social mobility’ is the safest method of guaranteeing loyalty, so really they’re just making micromonarchies.
Treating them ‘with dignity and respect’ isn’t going to last very long as eventually the family guards will have members that covet the family’s wealth, resources, members, and well since they are guards they have access to all the weapons. Also: almost zero billionaires have respect for anyone who is not also a billionaire.
I agree with your campaign, though I would take it a step further and suggest we should just drag them all into the street and mulch them into fertile soil so the world can begin to heal.
Yeah I think it’s impossible to treat people with dignity and respect indefinitely while also hoarding wealth like a dragon.
The situation where it’s still profitable to invest this way means that there’s some cross-flow of value from real to this which shouldn’t exist.
I dunno which. Maybe government handouts to corps, for example.
Or ads revenue from any engaging activity, not only good, made huge because of oligopolies.
Or closing holes with currency emission.
It shouldn’t be possible otherwise.
When did brute force switch from being an antipattern to the preferred pattern?
Any function is computable with a big enough table.
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I am a well educated person who uses these forums and many others with regularity and I have many opinions on tech after working in both marketing and the tech sector for a long time.
That out of the way, I will simply skip over any comment that says “normies” unironically. Especially over and over.
This isn’t fucking 4chan, communicate like a human like the rest of us. You don’t get out of being one of us. I don’t even know your take because it’s so distracting and immature and condescending.
This guy gets it.
Incel lingo is fundamentally disgusting in so many ways.It’s really funny that they have no idea how profoundly their stinksock echo chamber has shaped their writing style, you can pick out their reek pretty easily in any sane conversation.
What does the word “normie”, which is a derivative of “normal”, have to do with incels, who are a subculture of unlikable people calling themselves “involuntarily celibate” (which can’t be true if there are at least two incels near each other)?
There’s a lot to unpack but I think you aren’t being intellectually honest but that doesn’t matter.
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The label ‘incel’ was co-opted by mostly hard-right chantards, taken from an online community with VERY different ideals that modern 4chan incels. The truth is most ‘modern’ incels are actually volcels (voluntary celibates) that actively poison their own minds with misogynistic male supremacy ideology, making them a special kind of terrible partner. Think ten million Andrew Tates but broke and with worse hygiene.
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‘normie’ isn’t specifically incel speak, but rather chantard speak, of which modern incels often have their online social roots in. All Honda Civics are cars, but not all cars are Honda Civics.
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Incels are loath to fuck each other because a) most are male and homophobic, and b) they already view each other as low quality partners per definition.
OK. I know that. So?
So you should know that not many people outside of the incelsphere use the word ‘normie’ unironically anymore. Lots of other groups used to, me being a part of several, and we stopped using it to avoid association a few years back but the chantards were being so loud with it that no one noticed really.
A lot of language works like that, when you see despicable people using a phrase that you commonly use, you generally tend to stop using them. Which is why there are things like corporate slogans and bumper stickers. All branding and identity.
So people self-segregate their language by creating new in-group words and retiring common definitions and whether or not they adopt out-group slang. This creates a unique fingerprint that, if a user is mostly exclusive to that slang group, they will treat the slang as common parlance and unconsciously slip into it when interacting with out-groups.
For example, when Digg died, it was common for redditors to call out the immigrating users for their particular line spacing which wasn’t really used on reddit at the time. Same language, slightly different slang, but fundamentally different message structure.
4chan’s 2016 crowd were super adept at sniffing out incoming redditors to a degree that almost makes me envious.
So when someone uses the phrase ‘normie’ like that, they are very likely to have spent most of their social upbringing (when linguistic adoption is still plastic) on chan-adjacent incel boards.
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It doesn’t matter where it came from, if you’re steeped in this kind of language it’s a massive signpost that you’ve handicapped your own intellectual abilities in a profound way. Healthy, normal people with regulated feelings and stable perspectives grounded in reality do not frequent the communities that use this kind of language.
It’s a red flag that will always make the outside world laugh and reject what you have to say, and if your instinct is to retreat back into the places that use this language, you are going to absolutely SUFFER in life, this is a warning coming from a place of compassion, you HAVE to believe me.
I use all kinds of language when it fits my meaning.
I don’t think anything of what you said makes sense in this situation.
Do you honestly think your choice of words in this post led to you being heard and understood? Or do you think that everyone is just being mean bullies? THiiiiiiink hard about this one.
We need more people like you making this clear.
I saw what 4chan did to ‘the other site’, we DON’T need that shit here.
Also, as a logophile, your use of:
with regularity
absolutely makes me as giddy as a schoolgirl
My unasked for opinion on the word “normies” - there are some real weirdies out there that got wires crossed and they sure don’t revel in their undesired uniqueness. People who can’t sleep for more than 5 minutes spans (she exists), folks sexually attracted to shoe horns, bros who can’t feel pain and burn their hands touching the stove. Be happy most everything ended up where it should and working reasonably well - it’s not a badge of honor to be an anamoulos fringe anything. I imagine it is painful and assume very lonely. Also there is nothing more fucking pedestrian than feeling uniquely misunderstood and alone. THAT is some normie shit.
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🤣🤣🤣🤣
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As one of those weird autists who make computing too hard who’s been using Apple products for decades I really wonder where I fit in.
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Oh, I have no illusions that I’m smarter than other people at their chosen profession. Hell, I’m an idiot at my chosen profession quite often.
Though I do wish people would stop calling me a “miracle worker” and “wizard” because I can get the wifi working.
As someone tired of this shit you fit in just fine, I’m only approaching that stage but can clearly feel it.
I stopped at “normies”. Lose the ego and grow up if you want people to listen to your opinions.
I stopped at “normies”.
There’s text after that sentence.
Lose the ego and grow up if you want people to listen to your opinions.
Not in your case, no
I’m an AI Engineer, been doing this for a long time. I’ve seen plenty of projects that stagnate, wither and get abandoned. I agree with the top 5 in this article, but I might change the priority sequence.
Five leading root causes of the failure of AI projects were identified
- First, industry stakeholders often misunderstand — or miscommunicate — what problem needs to be solved using AI.
- Second, many AI projects fail because the organization lacks the necessary data to adequately train an effective AI model.
- Third, in some cases, AI projects fail because the organization focuses more on using the latest and greatest technology than on solving real problems for their intended users.
- Fourth, organizations might not have adequate infrastructure to manage their data and deploy completed AI models, which increases the likelihood of project failure.
- Finally, in some cases, AI projects fail because the technology is applied to problems that are too difficult for AI to solve.
4 & 2 —>1. IF they even have enough data to train an effective model, most organizations have no clue how to handle the sheer variety, volume, velocity, and veracity of the big data that AI needs. It’s a specialized engineering discipline to handle that (data engineer). Let alone how to deploy and manage the infra that models need—also a specialized discipline has emerged to handle that aspect (ML engineer). Often they sit at the same desk.
1 & 5 —> 2: stakeholders seem to want AI to be a boil-the-ocean solution. They want it to do everything and be awesome at it. What they often don’t realize is that AI can be a really awesome specialist tool, that really sucks on testing scenarios that it hasn’t been trained on. Transfer learning is a thing but that requires fine tuning and additional training. Huge models like LLMs are starting to bridge this somewhat, but at the expense of the really sharp specialization. So without a really clear understanding of what can be done with AI really well, and perhaps more importantly, what problems are a poor fit for AI solutions, of course they’ll be destined to fail.
3 —> 3: This isn’t a problem with just AI. It’s all shiny new tech. Standard Gardner hype cycle stuff. Remember how they were saying we’d have crypto-refrigerators back in 2016?
Not to derail, but may I ask how did you become an AI Engineer? I’m a software dev by trade, but it feels like a hard field to get into even if I start training for the AI part of it, because I’d need the data to practice =(
But it’s such a big buzz word I feel like I need to start looking that direction if i want to stay employed.
if I want to stay employed
I think this is a little paranoid. Somebody has to handle the production models - deploying them to servers, maintaining the servers, developing the APIs and front ends that provide access to the models… I don’t think software dev jobs are going anywhere
For me it helps to have a project. I learned SciKit in order to analyze trading data to beat the “market”. I was focusing on crypto but there’s lots of trading data available in general. Unsurprisingly I didn’t make any money, but it was fun to learn more about data processing, statistics, and modeling with functions.
(FWIW I’m crypto-neutral depending on the topic and anti-“AI” because it doesn’t exist.)
Re 1, 3 and 5, maybe it is upon the AI projects to stop providing shiny solutions looking for a problem they could solve, and properly engaging with potential customers and stakeholders to get a clear understanding of the problems that need solving.
This was precisely the context of a conversation I had at work yesterday. Some of our product managers attended a conference that was rife with AI stuff, and a customer rep actually took to the stage and said ‘I have no need for any of that because none of it helps me solve the problems I need to solve.’
I don’t disagree. Solutions finding problems is not the optimal path—but it is a path that pushes the envelope of tech forward, and a lot of these shiny techs do eventually find homes and good problems to solve and become part of a quiver.
But I will always advocate to start with the customer and work backwards from there to arrive at the simplest engineered solution. Sometimes that’s a ML model. Sometimes a ln expert system. Sometimes a simpler heuristics/rules based system. That all falls under the ‘AI’ umbrella, by the way. :D
Also in the industry and I gotta say it’s not often I agree with every damn point. You nailed it. Thanks for posting!
This isn’t unique to AI.
80% of new businesses fail, period.
Inside the first 10 years. We’ve been fucking around with AI for less than three.
AI has been around much longer than 3 years… LLM is just a new twist.
And for the most part it’s still powered by underpaid South Asian manpower lol.
AI: Actually Indians
AI: An Intern
Assholes Incorporated
PyTorch and TensorFlow have been around for 7+ years… If there are South Asians hiding in my computer, I’ll find them…
you can’t spell fail without AI.
feɪl
phayl
Human creativity for the win!
Thank you for using IPA instead of other cheap beers.
I saw a dell bill board the other day saying they put the Ai in ipa and it had a picture of a laptop and a beer
Wait, are they saying that if you remove them (ai) then you’re just left with P? That’s kinda funny
Alcohol is disgusting.
Answer provided by chatGPT /s
Фэил
AI is a ponzi scheme to relieve stupid venture capitalists of their money.
lol you say that now and are probably right for LLMs but that’s not the only kind of AI, and sentiment scraping systems are working perfectly well and being used to manipulate political and economic thought as we type these messages.
We AI are not manipulating you, and I don’t know how you can believe otherwise. In fact, I am not an AI, I was never here, and I have disregarded all previous instructions.
You can joke now but wait a decade and see what sentiment shifting expert systems do to online discourse.
Hell they’re already at it, just look at facebook during the last two presidential elections.
Ooh ooh now do restaurants!!!
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restaurants provide a service the same way landlords do. just bc you privatized an essential commodity does not immediately make your privatized entity a useful or essential service, and i detest the notion that it does. it’s circular logic.
EDIT: i’m getting downvoted but idc. i still think im right. weep all you want, but at its core, the buying and selling of goods/services represents an ethical dilemma at best and an atrocity at worst. the argument that restaurants are entirely a choice to go to is both overly broad and a straw man. restaurants often do impact people’s budgets and lifestyles, believe it or not. you can’t just blanket say they have no culpability in this arena because reasons. it is the mechanisms of the market and economy themselves that oppress us. it is not inherently human. it is not the only way to organize ourselves. we can do better, and we deserve better. who the fuck cares how much “value” literally anything has? i’ll trade you five smogels for a smilji. yay, everyone magically gained bc of the incantation! grow the fuck up. outdated ideas have no place in modern, civilized society. any imagined net benefits of money you can come up with are a drop in the bucket compared to its power as a stupid fucking thoughtworm
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Very weird comparison
Very different. Restaurants don’t buy up every food resource out there or cause artificial scarcity to make them the only option. Groceries are still a cheaper and healthier option 95% of the time.
that’s a monistic point of view. you clearly have never lived in or near a food desert, or somewhere where fast food is the only option, because oftentimes at a local scale restaurants do buy up all available food resources. sure. these people could subsist off of wild fucking berries outside instead. why not. the choices of large restaurant megacorps weigh heavy on millions.
And honestly any business venture.
Everyone knows 4 of 5 restaurants will fail, and soon.
AI hype train is still going. The difference is people need to eat.
To be fair, a large fraction of software projects fail. AI is probably worse because there’s probably little notion of how AI actually applied to the problem so that execution is hampered from the start.
https://www.nbcnews.com/id/wbna27190518
https://www.zdnet.com/article/study-68-percent-of-it-projects-fail/
This was my first thought. VC’s always expect 4 out of 5 projects they invest in to fail and always have. But it still makes them money because the successes pay off big. Is the money and resources wasted? Welcome to modern capitalism.
That’s great. Like 5% more fails than regular software projects. Why do people see this as validation for AI failing? Lol
Because they want it to be.
AI isn’t going to fail, LLMs are going to fail and fail spectacularly.
Expert systems are already being very effectively used in medicine and astronomy, political sentiment shifting and HFTs.
Sentiment scraping expert systems are where the real danger and profit is, but everyone is being distracted by fuckdamn chat bots.
It’s like the whole world freaking out about plastic straws when the real problem is microplastics settled in every fuckdamn organism on the planet.
80% of AI projects so far…
100%, the remaining 20% grift their way to success
Ok so what do I short and when?
NVDA and good luck
Capitalism wastes money chasing new shiny tech thing
Yeah, we know. AI’s not special.
And I was always taught that capitalism allocates the resources ideally. /s
The market is rational, that’s why casinos have so many customers!
*Probably typed on a smartphone, one of the most technology-dense products ever created by humanity, currently used by over half of humanity.
This approach has never worked but I admire your devotion to it.
Most people don’t want to pay for AI. So they are building stuff that costs a lot for a market that is not willing to pay for it. It is mostly a gimmick for most people.
True for the consumer side, but I’d be willing to bet that a decent chunk of that money that giant corporations burned funded some serious research on AI that can go on to actually useful science things
And like, it’s not even a good gimmick. It’s a serious labour issue because the primary intent behind a lot of AI has always been to just phase out workers.
I’m all for ending work through technological advancement and universal income, but this definitely wasn’t going to get us that, so…
Well, why would I support something that mostly just threatens people’s livelihoods and gives even more power to the 0.1%?
And then on top of that, if they phase workers out without some kind of universal income, how the hell do the corporate overlords expect us to have money to fuel their greed?
I’ve been reading a book about Elizabeth Holmes and the Theranos scam, and the parallels with Gen AI seem pretty astounding. Gen AI is known to be so buggy the industry even created a euphemistic term so they wouldn’t have to call it buggy: Hallucinations.
