Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.
Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.
Thank god the bubbles finally starting to burst. I am tired of hearing about ‘AI’.
Right??? I swear every damn app is trying to shoehorn in some sort of AI nonsense just to hop on the bandwagon.
A lot of them aren’t actually implementing anything, they’re just changing words on their product description.
Like a spell checking addon suddenly rebranding itself as “AI”.
From the very start of all this, it never made sense to call any of this “artificial intelligence”, but that marketing stuck, and now we’re trying to retroactively apply it to very basic things like text suggestion, further diluting the meaning of the term.
Artificial Insemination 2024
You’re not going to stop hearing about AI. Perhaps AI companies won’t be so high-profile, but AI itself is being integrated into lots of things and it’s not going to go away. The only thing that’s happened here is that it’s proving to be not quite so profitable as expected being an AI-specific company.
Edit: Perhaps not even that, the article appears to be neglecting to mention that this is part of a trend across the whole stock market rather than something AI-specific.
AI isn’t new. Algorithms “are” ai. All apps always used it. But it’s changed from algorithms to AI.
AI is just a specific subset of algorithms, also not that new - first concept are from 1960 or so (from memory don’t quote me) with perceptron. New is parallel computing power of modern chips - that allows for far better performance.