My theory on asset bubbles or I guess in this case "trend bubbles", is that by the time everybody is talking about it we are already passed the half way point of the bubble. Which means there is some room to go but it already feels quite uncomfortable to participate in it because of the risk of the bubble deflating quickly (no one can time the end of a bubble). Case in point: Nvidia. A great AI play, perhaps even the greatest. However if you start investing in it only now you have already missed the 170%, AI-related, increase in the stock of the past four months and looking at a company valued at $600 billion! So now the play is to hope that the AI hype become even greater and that other investors who are late to the AI party will buy the stock at these already huge valuations and push it to even greater valuations! Tough call
Good point. Nvidia seems well-positioned to benefit from AI tailwinds in the near and long term. As for what the stock does during that time, tough to know
nah this is hardly a bubble. Much as it is, the hype surrounding AI and money flowing in right now is not nearly as much or at least as distributed as that of Web 3.0
i disagree, chatgpt makes my coding work so much better, and my ability to learn has greatly increased. It is only getting better and is only 1% as powerful as gpt4. I and many others will have this around my pocket 24/7 and will use this as an extension of the brain. Also, debugging with chatgpt in my ap comp sci class makes coding a cakewalk, my friends would spend hours debugging, and I'm here pasting the code in chatgpt and asking why i screwed up so i don't make the mistake again. The difference between ai and metaverse, for example, is that ai is useful in every singe field of work
Just to make a contrast to his answer. I used it a few times, sometimes works great, sometimes horrible (I'm a computer science student in master). I barely use it in general and don't use it at all for debugging or doing homework as most of the time, it gives contradictions and crappy things that I take more time to fix than not (in the sense that I try to verify what I already did but chatgpt gives poor answers)
@Zenchiassassin because of how new it is, i see it as seeing a 1 year old jog on 2 feet, but it jogs weirdly and people say it will never jog because it jogged like that. Maybe in the next few years, it will be capable of running marathons, who knows!
@@TF2Starlight Do you even know how ChatGTP works? It doesn't reference things, but generates most probalistic answer, even if that answer is untrue. There's no room to make it better, if that's not even a feature.
Just like how electricity changed the world by powering homes, businesses, and industries, AI has the potential to revolutionize the way we live, work, and interact with the world. AI is already being used in numerous industries, from healthcare to finance, and its applications are only expected to grow. The technology is constantly evolving, and its ability to learn and adapt will only increase as we continue to develop more advanced algorithms and processing power. In the same way that electricity became essential to modern life, AI is poised to become an integral part of our lives. Therefore, just as electricity was not a bubble but a transformative technology, AI is also not a bubble but a transformative technology that will have a significant impact on society.
Excellent point! I'm by no means trying to argue that AI as a whole is worthless, but simply that the current generative AI hype will lead to a temporary asset bubble. A short-term bubble and transformative innovation aren't mutually exclusive
You are totally off, crypto was a ponzi, these are model files that will eventually be open source. This whole video is deranged and makes no sense; the whole frame is wrong
@@probsomething don't compare the internet to currency, currency has origins from the federal reserve, currency does not equal internet. Currency can be viewed in many different perspective, but the reserve currency is the US Dollar and the US keeps this fiat in power through power (war, resources, etc.) and being able to be a reserve currency allows us to print money out of thin air and make an inflationary system because gold bugs don't understand that there are limits. The failure case with gold and most static currency systems is that most people (rich) will accumulate the majority and just have the rest work for maintaining the system, however other groups can attack those systems if they invent a better system, which the US did and this is also why Britain was successful too. Nontheless, read the history of money and central banking and banking itself, it will show you the comparisons of a network information system (internet, html pages are documents, google crawls documents and makes a way to find documents, websites are dynamic documents) whereas currency is not a networked system itself. Also remember, Ethereum is centralized and bitcoin developers are a choke point as well where they snuck in an update when they found Bitcoin had a bug in the code that could print a lot of coins but this wasn't shared, so yes, they are centralized currency systems lying to be decentralized. Use your own critical thinking, this isn't an IQ problem, its a problem of not thinking from first principles, think from first principles of money itself is and you'll understand that these are not comparable. Also, the fact bitcoin is tracked in terms of USD shows you that USD is what matters, and that if you are in the US, it is vital to make sure the currency stays the main currency otherwise the US way of living is gone where we could print our way out of many problems.
How is crypto a ponzu when governments are already planning to use digital coins? This will only skyrocket the use of crypto. Also if you’ve followed anything from the CEO of OpenAI.. he believes open sourcing AI is dangerous. Big Tech has no interest in open source and will do everything to destroy the open source models
My theory on asset bubbles or I guess in this case "trend bubbles", is that by the time everybody is talking about it we are already passed the half way point of the bubble. Which means there is some room to go but it already feels quite uncomfortable to participate in it because of the risk of the bubble deflating quickly (no one can time the end of a bubble).
Case in point: Nvidia. A great AI play, perhaps even the greatest. However if you start investing in it only now you have already missed the 170%, AI-related, increase in the stock of the past four months and looking at a company valued at $600 billion! So now the play is to hope that the AI hype become even greater and that other investors who are late to the AI party will buy the stock at these already huge valuations and push it to even greater valuations! Tough call
Good point. Nvidia seems well-positioned to benefit from AI tailwinds in the near and long term. As for what the stock does during that time, tough to know
Bubbles are not complicated to spot. Just notice all the people riding the hype around anything and there you have it... a nice bubble ready to burst.
Bro I respect your take on AI over everyone else
Appreciate that, but I don't know nearly as much as I should
Broooo your channel is growing so much
Slowly, but surely
Very interesting video that brings up some great points, will be very entertaining to see how this AI “bubble” will play out
Glad you enjoyed it!
THIS IS NOT a good video. you need to understand that startup that change the owrld always lose money in the beginning. please do more research.
@@probsomething Do a ton more research
@@FocusedAmbience Wow I had no idea that early-stage startups are prone to negative cash flow
Great content like usual. 🤝🏾
Happy to hear it, thanks for the support!
Good video, don't let it get to your head.
Awesome video mate.
Thanks man, appreciate that!
Don't forget, chat GPT doesn't know anything after 2021. So objectivity about current events probably isn't the issue.
Good point
Great video
Thanks man!
nah this is hardly a bubble. Much as it is, the hype surrounding AI and money flowing in right now is not nearly as much or at least as distributed as that of Web 3.0
Great video as always
Thanks my man!
i disagree, chatgpt makes my coding work so much better, and my ability to learn has greatly increased. It is only getting better and is only 1% as powerful as gpt4. I and many others will have this around my pocket 24/7 and will use this as an extension of the brain.
Also, debugging with chatgpt in my ap comp sci class makes coding a cakewalk, my friends would spend hours debugging, and I'm here pasting the code in chatgpt and asking why i screwed up so i don't make the mistake again.
The difference between ai and metaverse, for example, is that ai is useful in every singe field of work
100% - ChatGPT is an incredibly powerful tool
You don't know how to code, that is the reason
Just to make a contrast to his answer. I used it a few times, sometimes works great, sometimes horrible (I'm a computer science student in master). I barely use it in general and don't use it at all for debugging or doing homework as most of the time, it gives contradictions and crappy things that I take more time to fix than not (in the sense that I try to verify what I already did but chatgpt gives poor answers)
@Zenchiassassin because of how new it is, i see it as seeing a 1 year old jog on 2 feet, but it jogs weirdly and people say it will never jog because it jogged like that. Maybe in the next few years, it will be capable of running marathons, who knows!
@@TF2Starlight Do you even know how ChatGTP works? It doesn't reference things, but generates most probalistic answer, even if that answer is untrue. There's no room to make it better, if that's not even a feature.
I disagree. AI will continue to get bigger
I agree, I never said it wouldn’t
Just like how electricity changed the world by powering homes, businesses, and industries, AI has the potential to revolutionize the way we live, work, and interact with the world. AI is already being used in numerous industries, from healthcare to finance, and its applications are only expected to grow. The technology is constantly evolving, and its ability to learn and adapt will only increase as we continue to develop more advanced algorithms and processing power. In the same way that electricity became essential to modern life, AI is poised to become an integral part of our lives. Therefore, just as electricity was not a bubble but a transformative technology, AI is also not a bubble but a transformative technology that will have a significant impact on society.
Excellent point! I'm by no means trying to argue that AI as a whole is worthless, but simply that the current generative AI hype will lead to a temporary asset bubble. A short-term bubble and transformative innovation aren't mutually exclusive
You are totally off, crypto was a ponzi, these are model files that will eventually be open source. This whole video is deranged and makes no sense; the whole frame is wrong
Was the internet a ponzi too?
@@probsomething Hahaha I hope you are not taking Eric Cartman seriously
Haha all good, always curious to hear opposing views
@@probsomething don't compare the internet to currency, currency has origins from the federal reserve, currency does not equal internet. Currency can be viewed in many different perspective, but the reserve currency is the US Dollar and the US keeps this fiat in power through power (war, resources, etc.) and being able to be a reserve currency allows us to print money out of thin air and make an inflationary system because gold bugs don't understand that there are limits. The failure case with gold and most static currency systems is that most people (rich) will accumulate the majority and just have the rest work for maintaining the system, however other groups can attack those systems if they invent a better system, which the US did and this is also why Britain was successful too. Nontheless, read the history of money and central banking and banking itself, it will show you the comparisons of a network information system (internet, html pages are documents, google crawls documents and makes a way to find documents, websites are dynamic documents) whereas currency is not a networked system itself. Also remember, Ethereum is centralized and bitcoin developers are a choke point as well where they snuck in an update when they found Bitcoin had a bug in the code that could print a lot of coins but this wasn't shared, so yes, they are centralized currency systems lying to be decentralized. Use your own critical thinking, this isn't an IQ problem, its a problem of not thinking from first principles, think from first principles of money itself is and you'll understand that these are not comparable. Also, the fact bitcoin is tracked in terms of USD shows you that USD is what matters, and that if you are in the US, it is vital to make sure the currency stays the main currency otherwise the US way of living is gone where we could print our way out of many problems.
How is crypto a ponzu when governments are already planning to use digital coins? This will only skyrocket the use of crypto. Also if you’ve followed anything from the CEO of OpenAI.. he believes open sourcing AI is dangerous. Big Tech has no interest in open source and will do everything to destroy the open source models