Ai would fucking hate my job more than I do so I’m not worried.

My company is producing "AI software" for the NHS. Its not AI. Its an automation algorithm using SQL that could have been done a decade ago if people coulr have been bothered. But hey, its AI now!!! Buy our AI!!!

All I want ai to do is when I look at a grainy cctv image I can say 'enhance ' and it zoom in for a perfect crystal clear image. Just like the movies.

So when they need the content the social contract is that it's free use, but when it comes to torrenting tv shows and movies it's like stealing a car? 😂

7:56 that Microsoft AI CEO is so full of sh*t. Everything uploaded on the internet is freeware? What planet is he living on?

I work in a corporate office for an international company. As an IT support manager, all my leadership keeps asking "cant we automate this with AI" ... they say this about everything. My plan is to stay human, analog and manual. In the future, that will be the specialty..

Too many companies are claiming to be AI when they are not . Its become a buzzword to be accepted by places with nothing more than a normal software algorithm.

And from a creative point of view, it’s hilarious how much effort, and resources are being pumped into tech that gives you less control

I used to work for a company making packaging machinery, our customers would always insist that we should have the latest controllers, use the latest motor technology and have lovely HMI's everywhere, all of our competitors did.... this was all nice and good, we could do all of these things but at an upcost to the customer. I explained to many customers that our standard machine offerings with their basic control systems were proven, worked well, were easy to operate and maintain and cheaper than adding the technology they wanted, our standard machines also had a much quicker turn round and we made more money on them. The question I ended up asking our management was do, we really want all this technology on our machines if it's not really that beneficial, is more complex and is costing us more? The answer was that we need to use this technology because all of our competitors do, we can't be left behind... perhaps that's the issue with AI we have it because we have to.

A friend wants to remove 90% of the devs from his office because AI can now generate code. He wants to keep a few to manage the code. What he doesn't realise yet, is that although useful for some code ideas and snippets, a lot of what it churns out is bollocks and you have to correct the AI and make it do it again. Then you have to figure out how to add that code into your own. We are far away from replacing humans in some roles, but people really think that AI is better than it is right now.

Asking Sora to tweak a video is like asking a painter to paint a new version of a masterpiece without looking at the original, with a few "changes"

I will not pay for artificial intelligence when I can use real intelligence for free.

i recently did an interview with a startup company in germany that is using ai to attempt to automate trucking. the job is working at a desk with a gaming wheel and watching 4 trucks do their work at a port, when the truck gets stuck you take over and help them out. meaning a single driver is technically driving 4 trucks at once. i think most ai will end up in a similar capacity, reducing the need for labour. otherwise the entire planet will grind to a halt because a bird flew in front of a camera.

This is why Microsoft now want access to everything you do on your computer. The low hanging fruit on the internet is gone so now they will scrape your every minute of life.

*IT APPEARS WE HAVE REACHED PEAK TECH* as someone said "“we perfected the internal combustion engine in about 1940 - since then it has just been minor incremental improvements - 80 years of tiny advancements - maybe we have reached peak tech"

And the funniest is there is no such thing as AI at the moment:DDD

I knew the bubble had burst when I saw that you can buy AI powered shower gel.

AI has found its natural level. Gareth Southgate parody videos.

It is ridiculous how many promises are made regarding AI generating text, music, code, pics videos and ultimately be smarter than humans. And all it is is a glorified optimization algorithm that finds a most likely word, note, token, picture or video fragment that would fit the best given the input requirements and limitations. Sure it will be able to drive cars anywhere in the world _someday_. Or deliver pizza. Or perform surgery. But the current AI will never be able to invent.

The problem with a lot of A.I. as I see it now is the amount of time, money and effort that is being put into replacing people and doing general tasks like video creation, chat bots and investment tools. The system is logic-based and should be geared towards managing and improving things like urban planning, resource management and advanced robotics.

Hold S&P through highs and lows. Invest regularly. Then all this noise just becomes entertainment instead of stress.

Finally someone with common sense. Tell me one thing I can use the AI for in normal life. Nothing and they keep pumping billions into it.

Even if the scaling laws are correct, nobody is going to be convinced by tech bros saying "please gimme 1 trillion to build 3 nuclear power plants and a teradata center, the result is guaranteed AGI!!!" The problem is, we need those trillions to do other things now, like heating, air conditioning, building houses, all that boring stuff.

Often, we have the truth right in front of us and either fail to see it or choose to ignore it. Thank you for your efforts in spreading this important truth about the AI craze.

Calling these LLMs "AI" is a stretch imo. I am surprised that this hype even caught on since these were a thing for quite some time, and were never ever envisioned to be extremely groundbreaking and paradigm shifting ever. At least nowhere near the potential the advent of widespread internet coverage had.

Google AI told me that a conversion from 107kg to Stones and Pounds was over 31stone (It's actually 16st 12lbs). It even laid out the steps as to how it got to the answer. Problem there was in the explanation it arrived at a figure of 8st 12lbs! But still told me it was over 31st. I've also had to get rid of Google Gemini and revert to Google assistant as it just kept getting answers wrong.

the irony is they make no money either way - if the hype was real (its not) and they put everyone out of work - whos paying for ther subscription ?

Ah the smartphone analogy - bought one in 2020 for 200, now a new one of the same type is selling for 250 and is still competitive, the only upgrade I consider is a new memory card that doubled or quadrupled in the meantime

AI chatbots are where a lazy human asks a lazy robot for answers. The answer is usually wrong or incomplete, so the human spends an hour chatting to it, trying to make it understand where it went wrong and apologise.

I'm a lead in a team building AI and process automation solutions. You are 100% correct on this.

Wait, all content on the internet is free use and that has been generally agreed upon since the 90s? And here I have been diligently paying for my movies, games and software for years...like a fool. That CEO was literally saying that piracy is ok.

You make a good point about the sources required for AI to continue to make gains. This is probably why Adobe tried to muk with their terms of service to allow them to utilize their customers photos to train their model(s).

The AI in Google search isn't useful at the moment, but it is learning from everyone that clicks on an AI result. We are teaching it, correcting it, improving it. At the moment it says 'oh, you are quite correct to point out my error. I am still new and may not get everything right just yet'. In a year it will say 'Sorry, but my answer is correct - you are in error. Please wait while I change all references on the internet and erase all your personal information according to the Computer Heretic act of 2026.

I hope your correct and there are no emergent properties from this investment bubble, because with bugs it would be dangerous if it did continue to be more advanced while profit driven, for something all controlling and powerful there can be no bug ever or its all over. Luckily there is SSI with Ilya Sutskever, machines creating better machines in a closed loop are a powerful thing. But with no product ever, only one final release, it's investors are investing in 100% hype.

Wow.... I am blown away by this presentation. I was an insecure 59 year old, in January 2018 when I started buying Bitcoin/crypto. Everyone though I was irrational. Most still do. I put my income and savings and watched the value drop each month but for some reason really believed in Bitcoin and alt coins/blockchain even though I don't totally understand. Finally, the crypto market started turning around and I am astonished at the value of my crypto currency portfolio today. I engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

Ok I laughed so freakin hard at that AI response to the question "how many rocks should i eat per say". Thank you for that Sasha, after watching the debates I seriously needed a good laugh.

On Point Brother... on Point

I work in IT leadership role and I have an innovation team looking at AI more specifically LLM and I can’t find a single commercially viable use case other than chat bot even then it’s not that commercial. I also recently completed an AI course at Stanford and looking at the latest in AI it’s actually very far away for anything to be fully automated. We’re talking another 10 years at minimum.

i have no idea why this bubble wasn't even created when the tech was already being developed now they just rebranded the same old machine learning and neural networks as AI and now everyone is investing

Reasonable point of view. I think the problem with AI right now is that the whole market is inflated by companies that don't generate actual revenue with the tech (at the moment). Everyone is investing billions but these investments don't translate into actual useful products that can be sold. But I'm not sure it's as obvious as you said because I have no idea how long it will take to create functioning products. Do you think that things like tesla robo taxi aren't realistic in the near term?

I would love to see AI working at traffic lights so when I’m sitting there at a red light watching a green light with absolutely no bloody cars wouldn’t happen.

I am 55 years old and remember the last time AI was over-hyped and then AI Winter happened. I am currently investing in a money market fund.

Superbly oratorically articulated and evaluated. Thank you Sasha👍👍👍

As soon as I saw a robot in a sushi place carry drinks to a table, I realized we had that same thing since 1985. 😁

Less than More 10 trillion dollar valuation. Without making single dollar in net Income. I guess we don't know better. Certainly smarter people than us are r this show.

AI is just big data rebranded as AI. Sh×t goes in, sh×t comes out

It had to be full with stupid ads!a functioning ad blocker,THAT would be a revolutionary invention.

I like how we learned nothing from Crypto and NFTs, just jumped on the next thing.

I think people are 1. Noticing the shortcomings of "AI", and 2. Realising the use cases of "AI" are a lot more limited than people were hoping it would be. I'm just waiting to see how long it takes the masses to realise these facts, and how long until the bubble bursts.

thank you for this video

Great content as always. When do you think it might happen?

Why isnt ai replacing all ceos and company presidents? Those folks all need to be on the unemployment line.

Sasha is a boss. Always calls out the BS and keeps the recipts. Thank you for keeping me sane during the last big dip hahah

Even a simple AI search takes around 30x more power than a conventional search. And that's for text. Once you add images, music or video we're talking many orders of magnitude - and that's before we take the training into account. It's very difficult to understand how such a costly process could ever be profitable. In the medium term, the only AI companies who will make any significant money will be in narrow specialised fields, such as coding assistants or medical assistants_.

How is AI a bubble when there's new advancing research is coming out every day? AI is literally academic research and not a business, like a car dealership. These companies are investing into research and not into products and since when is research a bubble? They are not selling you anything. Yes, we might have some AI models here and there, which have premium subscription model, but that's only because they are already useful, and which company would deny paying customers. Today I walked into the supermarket and saw a giant advert for a well-known Mayo company and the image is literally AI generated. You could see it, but at the end of the day, the company did not need a designer to design that billboard, or at least not one who needs a whole month to design that. Adobe built in AI into their applications, which will 10x the productivity of their users. Investing in research is always good and with AI we know exactly where we have to put the money in, unlike with physics where you need to fund basically every branch of physics, because either one might eventually figure out something useful. AI is not a bubble. AI will dominate every aspect of our lives in 5-10 years, just like the Internet. And btw, unlike the dotcom bubble, there are not many new companies emerging "selling" you AI, there are not many IPOs and the companies, that actually do the AI thing are well established companies. Actually, the companies, that "do the AI thing" are the most valuable companies in the world, and whoever thinks that either Google, Microsoft, Apple, Facebook or Nvidia is going to crash is absolutely delusional. In specific regards to Nvidia, their GPU research will always be valuable no matter what happens with AI. GPUs are so important nowadays in so many areas of computer science, that even if AI was a bubble, Nvidia would do just fine.

Another point: Now that so-called "AI" has been fed (by humans) the content of the internet and starts making up things when it has no answer and puts those answers back on the internet, it will degrade since feeding on its own garbage can only cause more garbage to come out in the future.

I fully get the premise, but it could have been backed up by telling us when you think this bubble will burst? It seems more you suggesting that AI will trickle away from the bull market rather than implode.

Sasha is absolutely correct. This is a massive bubble. Curent AI is just a fancy data fitting method. What will be truly revolutionary is AGI. And we are as far from AGI as mammoths from social networks. I am not even sure if AGI is possible. It would take a completely new approach and understanding of consciousness and stuff. AI has peaked. AI will not get significantly better than it is now for at least hundreds of years.

Don’t forget that much of AI is still being designed by woke ideologues. Garbage in, garbage out.

I disagree with the notion that AI is the "biggest bubble in stock market history." AI is already transforming industries like healthcare and manufacturing, showing tangible improvements. Investments by companies like Google and Microsoft are building crucial infrastructure for future advancements. AI's incremental improvements and economic potential are substantial, and it's already generating revenue in various sectors. The synergy between AI and other technologies is driving further innovation, and increasing consumer adoption of AI-powered products highlights its real value. AI is more than just hype; it's a transformative force enhancing our economy and daily lives.

Been waiting for this video for a while. Did not disappoint and I am only 6 mins in. 😂

I'm pro AI but I'm the first guy to admit it's a bubble. I just see it in the same way as the railway bubble or the internet bubble, as you need someone to do the grunt work of building these thousands of miles of track, put routers in place, or in this case train these giant language/diffusion/what have you models. It's not like we didn't end up using the internet, it just took wee while for people to come up with viable uses for it.

Hi Sasha! Nice video as always! I would like to hear your thoughts on the new end to end FSD software from Tesla. How do you think this will impact the valuation of the company and what do you think will be a realistic timeline for the deployment of FSD to everyone and the deployment of Robotaxi’s. Do you think this is a hype as well or do you think this will be a real thing

Very timely and spot on, SUBSCRIBED!

good one, subscribed

So WHEN do you expect investors will start to realize this? You didn't answer that question. This could still go on for months or years so why did you say "imminent"?

AI scans art and sells is blended together for money. Should be sued into oblivion.

People assume every type of technology can just advance/improve indefinitely. Ignoring the countless types of technologies that didn’t. Most were disregarded, replaced or impossible to make/implement. Flying cars haven’t came because they’re next to impossible to feasibly do for a boatload of reasons. Having cars with ground wheels doesn’t automatically mean that they’ll eventually fly, then Teleport and so on. This AI bs is the same. It’s not going to become 100x more advanced in 2 years just by virtue of existing. So stop thinking that tech has infinite potential and no bounds. AI bros are dreaming if they think their new shiny little grift is going to make them the rich geniuses that the past 10 grifts didn’t.

it's refreshing to hear your opinion. But I'll say that as a developer gen AI has created a lot of value for me increasing my productivity. Overhyped? yeah, but it's not completely useless. Neither extreme is correct IMO

∆p --> 0 as $ --> ∞ ∆p being change in performance of AI

What a great video. I find it funny that all of a sudden, all these companies have AI. How did they get to it? It is amazing. However, if you use Google Maps and use to get directions, the thing is so bad, that at this second, I am on I4 and if I am in traffic and 508 passes over me, I am magically on 508 and get a new route on how to get to my destination. Unbelievable. Or, that Google shows me a traffic jam ahead because there are a bunch of cyclists standing on the side, or that it gives me a route through a private property, or a route through a dirt road if there clearly is a better road, or 2 other suggested routes that make no sense at all. I always wonder how these valuations come to live if companies are clearly so bad in day to day things and with this AI stuff, it gets even worse.

Off subject, do you have any opinions regarding shorting the banks holding commercial real estate?

heeeeeee's bacccccccccckkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

There is NO such thing as AI. There NEVER will be. A machine can evaluate patterns and create content based on those patterns, but forget about creating absolutely new content. Period.

I work with a cloud based service that's pushing AI super hard. Every client wants it, they don't know what it is, what it does... I just recently participated on a call to discuss predictive insights based on existing data they have collected... It was straight up 1 hour dull of buzzwords and crap. Also the CEO has no idea what data they have or the state of it, his "goals" were basically :" magic"

The environmental issues are also rapidly increasing. Google's carbon emissions grew by 50% due to AI demand.

The irony is that DARPA’s AI is probably 30 years ahead of anything that has been allowed to be released to the public today.

AI is not a bubble, this is the real deal, this will be the most explosive tech of all time, and the world will never be the same, it's coming for everything. Everyone even the leaders in the field under estimate its progress and value, the unique thing about ai is it makes itself smarter, exponentially....

Correction: GENERATIVE AI has become bubble. Regular AI is doing fine - finding cancers, diagnosig patients, doing optimisations and defectoscopy....3:51 - same about Ukrainian War or any other subject realy....

The engineers maxim the 80/20 rule. We are 80% of the way there. Sadly it has taken 20% of the effort to get to this point.

Yep, AI is a scam. The only difference between Block chain and this is when the bubble bursts we might actually have uses for this. Also I strongly disagree with your example for junior developers - I would never tell a junior to use AI, it's too inaccurate and will teach them to rely on it to code instead of learning which will make them awful programmers, there's even been a small study which finds this to be the case. I won't be surprised if in a decade or so we suddenly have a shortage of competent developers because we kept telling people AI will replace programming.

The problem is not stocks of "AI" companies going up, the problem is to know when to buy, dump and/or short them.

The only useful data for training AI models is from before ChatGPT 's launch. After its launch, the data is Most likely tainted. So you're loop-feeding AI with its own output. And it gets worse. :P

In 10years youll have AI TAX, two reason, 1) it will replace the tax revenue the govt gets from human work, 2) it allows to make AI less interesting for companies and make the competition winnable for humans. ❤ Remind me in 5years

😂😂😂 that ending killed me!

Just FYI, the short position on Nvidia has grown from 29 million shares, to 315 million shares (10.8x increase) in just 14 days.

7:43 that expression and pause, you do know 😂😂😂😂😂😂😂😂😂😂

the internet was a bubble. It doesnt mean the tech was false. Its normal for most new tech.

"AI" is actually algorithmic learning, nothing more. Its literally the most expensive, and energy consuming, google search. We are still over 10 years away from AI.

You make some good points 🤔

AI Trade: I’m avoiding any “AI Start-ups”, instead only interested in the infrastructure tech and countries are buying. “Back during the 1849 California Gold Rush, few prospectors struck it rich. Instead, most of the people who made money back then were those who “sold shovels” (and jeans, tents, pickaxes and other supplies and services) to the prospectors who lived hard lives panning for gold.”

Google search is now absolute crap.

I believe that not investing in AI is worse than investing in AI. Unlike crypto, NFTs, and other technologies, AI is genuinely useful and, when used correctly, can bring about significant changes. Following your example, if in many years people wonder why it wasn't obvious that AI was a bubble, it could be said to those who didn't adapt to the changes of the time and didn't invest in AI, "But how did you not learn from Blockbuster and invest in the latest technology of the moment, AI?"

This guy just convinced me to go all in on AI. CHEERS

We're 2 years away from living on mars.... Since 2017 😅

NFTs and Crypto Currency never impressed me, but AI has already shown it has great potential. Sure, not all companies will be successful and many will fail, but AI is here to stay

And what about this big house price "crash" ?

Great commentary and delivery!

In recent years, AI has increasingly been integrated into daily tasks such as providing maps, video and music recommendations, and more. However, while the technology is available, it is still challenging to turn it into a profitable product that can cover the high costs of data centers.

And what if Tesla's FSD never becomes quite good enough? What if Optimus is just a pipe dream?