Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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We're in an AI 'super cycle,' top investor says — and it could last 20 years (www.cnbc.com)

submitted 6 months ago by throws_lemy@lemmy.nz to c/fuck_ai@lemmy.world

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Artificial intelligence is in the early part of a “super cycle” that could last 20 years, according to a top investor.

Raj Ganguly, co-founder and co-CEO of venture capital firm B Capital, told CNBC’s “Beyond the Valley” podcast released Friday that AI is going to have a huge, global impact in the coming years.

“We’re in the very early stages, the third or fourth year of this AI super cycle. And it’s probably a 20-year super cycle. Maybe it’s a 15-year super cycle, but it is going to change the world,” Ganguly said.

fck VCs, AI is only to feed their own greed

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[–] hendrik@palaver.p3x.de 3 points 6 months ago* (last edited 6 months ago)

Venture capitalist says something...

I mean sure? You think it's sustainable to blow a crazy pile of money for 20 years? I don't think so. And investors tend to want their money back eventually. And usually they're not 20-years patient with that, if it's a trillions dollar hype. I'd say it either delivers in the next 5-10 years or they'll run out of that kind of money.