ongoing by Tim Bray · Money Bubble
What we’re seeing is FOMO-driven dumb money thrown at technology by people who have no hope of understanding it. Just because everybody else is and because the GPTs and image generators have cool demos.
What’s going to happen, I’m pretty sure, is that AI/ML will, inevitably, disappoint; in the financial sense I mean, probably doing some useful things, maybe even a lot, but not generating the kind of profit explosions that you’d need to justify the bubble. So it’ll pop, and my bet it is takes a bunch of the finance world with it.
This is mostly about the intersection of finance, hype, and technology, but Tim mentions something that I’ve also been saying:
I’m super impressed by something nobody else seems to talk about: Prompt parsing.
Maybe it’s because I spent formative users playing text-only adventure games, but I am way more impressed by the way generative tools do natural language parsing than I am by their output.