Yes, but I haven't seen anything from AI technology to suggest it's going to live up to the hype in the short term. I'm not saying Burry is completely accurate in this case, but the draw down could be quite big.
GPT-4 was released in early 2023. Back then AI maximalists were saying AGI is near. We're approaching early 2026 and we obviously aren't anywhere close to anything any reasonable person would consider AGI. But what do we have? "Agents" that are mostly useless. Image and video clip content generators that are pretty much only good for social media memes and spam. We do have better software development tools, but that's not a life changing advancement.
It seems like in order for all this speculation and all these massive build-outs to pay off we're going to need AI to redefine how we work and live within the next 3-5 years. Even if we AI development doubles or triples what it's been able to do in the last 3-5 years, I don't see this happening.
So, when this does not happen, when the AI hype does not live up to the promises, by a longshot, what will happen to the markets?
Have you tried claude code? I despise AI to my bones but even I can’t say claude code is not impressive.
If any anthropic reps read this, I think you guys, while probably better than open AI and meta, possibly Google, are delusional and are more likely to destroy the world than create infinite human life.
I have and it is. But I did acknowledge that in the previous post. I just don't think software development tools like Claude Code, while great, and I wouldn't want to back to life without them, are going to recoup all this investment. We need like 10 Claude Codes for different aspects of work and life. Then we're getting somewhere...
GPT-4 was released in early 2023. Back then AI maximalists were saying AGI is near. We're approaching early 2026 and we obviously aren't anywhere close to anything any reasonable person would consider AGI. But what do we have? "Agents" that are mostly useless. Image and video clip content generators that are pretty much only good for social media memes and spam. We do have better software development tools, but that's not a life changing advancement.
It seems like in order for all this speculation and all these massive build-outs to pay off we're going to need AI to redefine how we work and live within the next 3-5 years. Even if we AI development doubles or triples what it's been able to do in the last 3-5 years, I don't see this happening.
So, when this does not happen, when the AI hype does not live up to the promises, by a longshot, what will happen to the markets?