this post was submitted on 02 Jun 2024
193 points (91.8% liked)
Technology
59237 readers
3364 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's frankly ridiculous. Ai is useful but the only company that deserves to get this much gains on the stock market is possibly Nvidia, because they make actual sales of actual hardware.
Everyone else puts out AI that is much worse than open gpt with tons of marketing to try and make up for it.
There is aws summit now in a couple of days where I live and there was more AI breakout sessions than you can shake a stick at. It's definently overhyped.
Even Nvidia's gains are based on selling that hardware to outlets buying GPUs in shipping container quantities to run huge LLMs. If those companies dry up, so will Nvidia's market position. At the other side of things, their traditional market is gaming, but that industry is contracting and may not be making games that push hardware limits the way it used to. Their best long term bet might be a rumored Steam Deck/Switch like handheld (one of their own making; they do supply the chips for the Switch and upcoming Switch 2), but that's not going to justify a $3T market cap.
AMD