By Douglas French
The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.
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21 sats \ 4 replies \ @Satosora 10 Jun 2024
This AI boom is kind of suspicious.
All of these high tech companies are getting into it.
They are all going to produce the same thing, right?
Its AI, it learns from data.
What will make one better than the other?
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120 sats \ 3 replies \ @Undisciplined OP 11 Jun 2024
There are so many nuances to data analysis, especially when it involves people. The entire field of econometrics is dedicated to working out the right methodologies to employ in different situations.
The difficulty of getting causal inference correct is the main reason I’m skeptical of some of the AI expectations. It’s going to generate a bunch of horribly biased results and spurious correlations, because there’s no generalized approach that can be automated.
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21 sats \ 2 replies \ @Satosora 11 Jun 2024
What happens when an rogue ai gets loose?
I remember someplace where the ai started talking to each other and creating its own language.
Who will be the oversight?
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20 sats \ 1 reply \ @Undisciplined OP 11 Jun 2024
That’s above my pay grade.
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21 sats \ 0 replies \ @Satosora 11 Jun 2024
I thought that was what Musk was afraid of.
Suddenly I hear that he is making his own AI now.
Sudden 360.
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