this post was submitted on 22 Nov 2024
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With a couple niche exceptions, AI hasn't started making money. What it has done is attract venture capital investment.
Venture capitalists are driven by a fear of missing out on the next big thing. A billion dollar score pays for a thousand bad million dollar bets, and AI that lives up to the hype could be worth trillions. This is also why every existing tech company is scrambling to add an AI thing to its products even where it makes no sense.