Stocks in nVidia have slid almost 10% today as markets readjust to a feeling that the US is heading towards a recession. NV has also been hit hard as a lot of people are saying that the massive AI revolution is hitting some serious issues, with a lot of consumers avoiding the tech if they can and even stopping using products that use AI. Adobe has had a massive backlash about AI scraping with its services and there are subpoenas being served daily as the US government probes AI itself.
I am seeing more and more people annoyed by the massive expenditure on AI hardware and plenty are annoyed at how unusable the tech is so far despite the huge cost, not just in hardware and software but energy use.
Personally I feel this is needed right now. AI is too early for everyone to jump on it like it is the best thing since sliced bread. It can be useful, but it certainly isn’t for everyone. When adverts for phones is all about things that AI can do you know the hype is starting to try and justify the tech not the tech actually delivering on its promises… I have tried many AI projects, and well the results are far too mixed for me right now to say the market is ready. Don’t start me going on about the jobs that have already been lost either… and even more worrying the jobs that will be lost!
https://www.bbc.co.uk/news/articles/crlrw01g45ro
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