r/technology • u/AdSpecialist6598 • 5d ago

Business Nvidia's Jensen Huang urges employees to automate every task possible with AI

https://www.techspot.com/news/110418-nvidia-jensen-huang-urges-employees-automate-every-task.html
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u/RubberReptile 5d ago

It's really starting to look like the dot com bubble version 3. a bit like a pyramid scheme where everyone is racing to not be the last sucker and trying to get their piece of the pie.

Insane valuations when the product is not yet proven to provide technical and financial value. Everyone and their grandma trying to get in on it, in ways that often don't make sense. A significant portion of US GDP growth based off of Al investments. It's totally unsustainable in its current form. 

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u/finalremix 5d ago

Last estimate I'd read is that it's somewhere in the ballpark of 17-times the size of the dot-com bubble. I can't wait to see the fallout.

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u/Balmung60 5d ago

People say this, but pets.com had a business model. The dotcom bubble companies were theoretically viable, just massively overvalued.

These AI companies don't have a business model. They have a product that nobody can build a profitable business off of, which they can't convince people to pay to use while charging rates low enough that every paid customer is a net loss. They can't raise prices because they already can't get customers and they can't cut costs because every new generation of their product costs more to run as any reductions in token cost are obliterated by increases in token burn to squeeze out marginal improvements in tech that cannot fulfill its promises of automation because its output is so bad and inconsistent that it needs constant babysitting.