[HN Gopher] YC's Winter 2024 Demo Day confirms that we are indee...
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YC's Winter 2024 Demo Day confirms that we are indeed in an AI
bubble
Author : jshchnz
Score : 39 points
Date : 2024-04-03 20:35 UTC (2 hours ago)
(HTM) web link (techcrunch.com)
(TXT) w3m dump (techcrunch.com)
| paxys wrote:
| If anything we are in the earliest stages of the AI bubble.
| There's a long way to go..
| brcmthrowaway wrote:
| Not too late to buy NVIDIA stock
| lispisok wrote:
| So is everything being called "AI" these days just LLMs now or is
| it more?
| dvh wrote:
| Is Monte Carlo AI?
| rubatuga wrote:
| So is linear regression
| lispisok wrote:
| No because AI is just a marketing term for unproven
| technology to generate hype. Once something is proven and use
| cases/limitations understood its no longer AI. Spellcheck was
| once considered AI
| smcin wrote:
| > _Spellcheck was once considered AI_
|
| No it wasn't, let's not start spreading misinformation.
|
| Spellcheck was around since the 1990s. Originally it was
| simple heuristic-based against a dictionary (localized,
| maybe also allowing some personalization). Noone called it
| AI, pre-2010 AFAIK. Can you show any pre-2010 citations for
| any actual mainstream consumer-available spellchecking
| using AI?)
|
| I only see a small number of references to the use of AI in
| spellchecking, mostly post-2018, and they're still the
| minority of mentions of spellchecking, dictionary
| heuristics is the easier technique. (There are now
| (post-2018, GPT-era) AI-based spellchecking/writing-coach-
| type startups, and obviously there are also many companies
| trying to infuse their collateral with claims about AI, or
| bolt on AI to a non-AI concept. Let's not muddle all that
| together.)
| cpcat wrote:
| I know a company that claims to do AI. Their models didn't work
| so they ended hiring humans to manually do the job AI was
| supposed to do. Obviously that won't scale, but they still call
| themselves an AI company.
| apwell23 wrote:
| Its just 'human in the loop' AI as long as you don't reveal
| the humans are the whole loop.
| smcin wrote:
| That can still be a legit description as long as there's
| some learning capacity in the loop, and that can slowly be
| automated.
|
| Legal informatics is one such domain, there can be use-
| cases that are very domain-specific, and some high-value
| events occur rarely, hence can be a small-data problem,
| with big errorbars (think Apple-Samsung litigation).
| cpcat wrote:
| We just found out that human led AI killed 37000 people (mostly
| innocent civilians). I think it's about to get worse. I'm staying
| away from the hype like Toyota stayed away from EVs
| colesantiago wrote:
| I wonder what happened to all the YC crypto companies in the last
| 'bull run', it seems they have fell off.
|
| In the same vein as crypto, the grift continues in AI.
| nextworddev wrote:
| Most of web3 companies that I spoke to / know of pivoted to AI
| circa mid 2023
| grzeshru wrote:
| As pg says, it's the people not the product that matters.
| firejake308 wrote:
| This is getting down voted, but I hope people realize that
| what he's saying is that the Venn diagram of crypto
| grifters and AI grifters is, in fact, a circle
| cpcat wrote:
| I've read some CEOs leaving AI to build decentralized AI. A
| crossover between web3 and AI.
| ilrwbwrkhv wrote:
| A lot of them "pivoted" to AI.
| apwell23 wrote:
| HN frontpage seems to have much less AI than only a few months
| ago. Maybe things are slowing down ?
| paxys wrote:
| The HN frontpage is pretty heavily moderated. You may have
| noticed no news related to Elon Musk/Twitter, for example,
| because that is usually instantly removed or downranked. So
| what you see here isn't necessarily indicative of general
| public interest or even interest of the community.
| thih9 wrote:
| Can you give examples of AI or Musk/Twitter news that would
| be of interest to the community and should have stayed on the
| frontpage?
| paxys wrote:
| What's the objective measure of "interest to the
| community"? The voting score is obviously the closest one,
| and links I am describing constantly get upvoted to the top
| and are then removed.
| serjester wrote:
| If you look at total software spend in the US a year it's 500B,
| total spend on payroll is 5T. If companies become 10% more
| efficient because of GenAI you're effectively doubling the size
| of current software market.
|
| Actual value capture would obviously be lower, but 10% efficiency
| gains is a low estimate based on the studies coming out.
|
| There's a ton of terrible startups right now, but some of them
| will become whales. You can't predict which ones ahead of time,
| so you invest in everything.
| amou234 wrote:
| I'd love to see the studies mentioning 10% efficiency gains if
| you have a chance. also, do these studies balance against cost
| of running the models? remember, that's why stability.ai has
| collapsed.
| jjtheblunt wrote:
| > There's a ton of terrible startups right now, but some of
| them will become whales. You can't predict which ones ahead of
| time, so you invest in everything.
|
| For what value of "you"?
| htk wrote:
| What a weird article. Title mentions bubble, body only talks
| about favorite AI companies.
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