One of the world's largest investment banks wonders if generative AI will be worth the huge investment and hype: "will this large spend ever pay off?"
  • Todd Bonzalez@lemm.ee
    14·
    5 months ago

    Not really comparable.

    AI has lots of potential for the future, and Goldman Sachs continues to invest in that sector.

    They are specifically talking about the bubble of Generative AI startups, none of which have any long term viability as they either produce a novelty, or they produce something so inaccurate that nobody would trust it after using it.

    They aren’t the people saying that the Internet won’t catch on. They’re the ones warning you that dot com is a bubble.

    They’re right.

      • Kissaki@beehaw.orgEnglish
        9·
        5 months ago

        Holy mother of misinterpretation and misrepresentation. Did you not read their comment, did you not understand their comment, or did you choose to ignore and misrepresent it?

        • Todd Bonzalez@lemm.ee
          5·
          5 months ago

          They deliberately misrepresented it. Just another person who thinks that if you oppose Goldman Sachs for their contributions to late stage capitalism that you are obligated to disagree with every single piece of messaging from them without exception.

          If the CEO of Goldman Sachs shits in a toilet, and this guy finds out, he’s going to shit on the floor in protest.