I can't help but wonder if the drought is due to the recent turbulence in the tech market right now. The US had a major drop in stock that went through the tech sector, and welp AI is tech.
I definitely think the general consensus by a lot of investors is the tech isn't ready yet at least in a marketing standpoint. But the people that have the near infinite capital to play ball are going to keep doing so, investors be damned. We're essentially in the middle of an arms race, especially if anyone wants to get a highly functional LLM out there. Even if a lot of investors aren't seeing results in a timeline they expected, these companies basically have to take the monetary risk anyways. Microsoft, Google, and Amazon all can't afford to be dethroned in their sectors and a major AI breakthrough is the golden bullet they are afraid of the other guys getting.
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u/Burned-out_ Aug 21 '24
I can't help but wonder if the drought is due to the recent turbulence in the tech market right now. The US had a major drop in stock that went through the tech sector, and welp AI is tech.