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Cake day: July 5th, 2023

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  • test113@lemmy.worldtoProgrammer Humor@programming.devEvery Family Dinner Now
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    9 months ago

    I never argued that I was in IT/Tech; I deal with investments and PE. I have nothing to do with IT or tech. My point is we, in the PE/FO sector, are going to invest in AI businesses in 24/25, not only in the “B2C market” but mainly in the B2B market and for internal applications. Whether you believe it or not, it’s gonna happen anyway.



  • test113@lemmy.worldtoProgrammer Humor@programming.devEvery Family Dinner Now
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    10 months ago

    Again, none of the people at this talk have anything to do with selling a product or pushing an agenda or whatever you think. There is no press, there is no marketing, there is no product - it was basically a meetup of private equity firms that discussed the implementation and impact of purpose-trained AI in diverse fields, which affects the business structure of the big single-family office behemoths, like an industry summit for the private equity sector regarding the future of AI and how some plan to implement it (mainly big non-public SFOs).

    Sometimes people just meet to discuss strategy; no one at these talks is interested in selling you anything or buying anything - they are essentially top management and/or members of large single-family offices and other private equity firms. They are not interested in selling or marketing something to the public; they are not public companies.

    It’s weird how you guys react; not everything is a conspiracy or a marketing thing. It’s pretty normal in private equity to have these closed talks about global phenomena and how to deal with it.

    These talks are more to keep the industry informed. I get that you do not like it when essentially the big SFOs have a meeting where they discuss their future plans on a certain topic, but it’s pretty normal that the elite will arrange themselves to coordinate some investments. It’s essentially just the offices of the big billionaire families coming together to put heads together to discuss a topic that might influence their business structure. But, in no way is it a marketing strategy; it would, on the contrary, be negatively viewed in the public eye that big finance is already coordinating to implement AI into their strategy.

    But feelings don’t change facts. My point is if the actual non public big players are looking at AI in a serious matter, then so should you.


  • test113@lemmy.worldtoProgrammer Humor@programming.devEvery Family Dinner Now
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    10 months ago

    Haha, lol, whats happening why do you hate me, just sharing an experience, an opinion?

    • it’s not NVIDIA or AMD or any chip manufacturer, or someone who has a product to sell to you. Most of them are not even publicly traded but are organized in family office structures. They don’t care about the B2C market at all; they are essentially private equity firms. You guys interpret anything to fit your screwed-up vision of this world. They don’t even have a product to sell to you or me; it was a closed talk with top industry leaders and their managers where they discussed their view of AI and how they will implement purpose-trained AI into manufacturing, etc. It has nothing to do with selling to the public.

    I have already said too much - just let me tell you if you think LLMs are the pinnacle of AI, you are very mistaken, and depending on your position in the market, you need to take AI into account. You can only dismiss AI if you have a position/job with no real responsibility.

    So weird how you guys think everything is to sell you something or a conspiracy - this was a closed talk to discuss how the leaders in certain industries will adapt to the coming changes. They give zero cares about the B2C market, aka you as an individual.

    Again, none of the people at this talk have anything to do with selling a product or pushing an agenda or whatever you think. There is no press, there is no marketing - it was basically a meetup of private equity firms that discussed the implementation and impact of purpose-trained AI in diverse fields, which affects the business structure of the big single-family office behemoths.


  • test113@lemmy.worldtoProgrammer Humor@programming.devEvery Family Dinner Now
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    10 months ago

    Hi, I don’t want to say too much, but after being invited to some closed AI talks by one of the biggest chip machine manufacturers (if you know the name, you know they don’t mess around), I can tell you AI is, in certain regards, a very powerful tool that will shape some, if not all, industries by proxy. They described it as the “internet” in the way that it will take influence on everybody’s life sooner or later, and you can either keep your finger on the pulse or get left behind. But they distinguished between the “AI” that’s floating around in the public sector vs. actual purpose-trained AI that’s not meant for public usage. Sidenote: They are also convinced the average user of a LLM is using it the “wrong” way. LLMs are only a starting point.

    Also, it’s concerning; I’m pretty sure the big boys have already taken over the AI market, so I do not trust that it will be to the benefit of all of us and not only for a select group (of shareholders) that will reap the benefits.


  • I’m not so sure – YouTube is much larger than you might think. It’s not the video platform you grew up with anymore. No one in this world can match the backlog and content density/diversity of YouTube, not even all streaming services combined. People complaining that YouTube is dying because a few YouTubers “retire” from their main gig or that it’s not the same anymore don’t understand how YouTube works. They might not comprehend that the time of their “bubble” has come to an end. When this happens, there are already five new bubbles/niches that are even bigger, and you might not have heard of them, but they are more successful than their “predecessor.” The old bubble is still there to consume in the backlog. Someday in the future, AI will have a field day with the data accumulated via YouTube.

    It is transforming, for sure, but I don’t think it will destroy itself completely. In a sense, you can say it will destroy whatever view you had of YouTube as a platform because it is not what it once was.

    To my knowledge, YouTube will hit the billion-user milestone this year (Netflix currently at ~250 million paid users). If we look at other data trends from streaming services, it suggests that YouTube will grow more over the coming years. I don’t know how anyone can match YouTube as a whole. In certain niches, sure, but as a whole, it would be like fighting windmills. There’s a reason no one tries to tackle YouTube as a platform and only goes for certain niches.



  • I mean, if I were an investor looking at this, I would also get excited about making this change - much less risk, less cost, less customer support, etc., all for basically the same output in revenue. In other words, if I cut the small business (6% of value but over 100k accounts to handle) out of the model, I can make more money because the cost reduction is higher than the loss of revenue. And in the long run, when “big game customers” jump ship, I just downsize some more. I also don’t need to invest but can be sure it will generate a certain amount of revenue, as long as I do not squeeze the relevant customer groups too hard. This strategy is very feasible and relatively risk-free. I am not a fan of it, but I think a lot of software companies will go this way after they establish themselves in a market.


  • Well, I hope you are right. xd

    It just seems to me like a monopolization of the market by the big tech corps, which won’t be beneficial to the majority, but at least a few billionaires will get richer.

    I was recently invited to the Google research center where they presented their new AI assistant features, which should be coming this year. It was weird; it was at the same time more capable than I thought and more restrictive than one would assume. It’s like not even Google knows exactly what to do with it, or what it should be able to do, or what exactly it is capable of. I also once got to try an “uncensored” / “unrestricted” information model, which was actually a bit scary but far more useful than any of the current “restricted” chatbots. I’m sure AI will change things up, but how, when, and why I don’t know, and the more I find out, the more unsure I am about predictions, besides the one that big corps will try to monopolize the market.


  • The funny thing is, copyright doesn’t even matter; at least half of the world’s market couldn’t care less about copyright, especially if it’s from the “west.” They certainly won’t suddenly start respecting copyright law. They will use and develop AI without the restriction of copyright. All this talk about copyright and the law, and all the copyright suits against AI and tech firms, will be fruitless since we either forget copyright like we used to know it, or we get left behind in development because we need to respect the copyright of everything and make contracts with every big outlet, etc. Big tech knows that, so they walk this gray zone walk to still train AI on copyrighted material but somehow proclaim they are not copyright-dependent.

    I’m not saying this is a good development, just that I think we need to reassess how we treat copyright on a fundamental level under the current development structure of AI.

    We need to slow down the development of AI and hinder monopolization of the market. My guess is it’s too late, but we can still hope that maybe this time it will be different.


  • In my opinion, you maybe should first deliver something before you go giving empty promises and sign a contract. But hey, that’s Musk’s motto: overpromise, underdeliver.

    Old fart companies, lol. Oh, you mean the old farts who are more or less on budget and time and delivered what they promised?

    If SpaceX, i.e., Musk’s rhetoric, is not one of the reasons Artemis (3) mission will get delayed significantly, I’m gonna eat a shoe. As someone who has done budget calculations for global projects, I can tell you the biggest factor in calculating the cost is time. Since the timeline is off, the money needs to be off as well, as these two are connected.

    Timeline Artemis 2024

    No need to say we are way off this timeline, and one of the reasons is the absolutely bullshit timeline Musk seems to think is reasonable but is actually unobtainable for the company SpaceX. I don’t know why he does this every time; eventually, he has to backpedal anyway.

    Some not very deep examples:

    • Hyperloop - a complete bullshit concept, made no sense to anyone who had actually used their brain, basically a scam, very stupid promises.
    • Tesla self-driving - I don’t think I have to say anything here…
    • Tesla Cybertruck - I mean, what? How was this design greenlit for serial production?
    • Tesla auto taxi fleet - I mean, who actually believed that…
    • Tesla semis - They are practically nonexistent.

    Etc., etc.

    Musk’s track record is not great, and at this point, we definitely should not give him the benefit of the doubt.


  • This happens rarely, and if it happens, the chances of it being someone we know from the media are almost 0; that would be all under the table. The “best” are the ones you don’t hear about because they are too busy working on actual stuff, same in most science fields.

    Most of them are recruited in “normal” ways; there is much more talent around these days. No need to engage with criminals and put them on actual sensitive stuff. Also, they get paid more than you might think; the people leading these projects are not stupid and make a simple mistake like underpaying talent they still need.


  • I know of one person in my wider circle who reacts also pretty bad when children are being children around him. In his childhood, every time he was loud, wanted attention, or just did what a child does, his parents (they did not even want children; he was an “accident”) got really angry at him. So children being children is a trigger for him.

    Talking to a trained professional helped him immensely to handle this.


  • I think he’s pointing out that in the future, this could lead to regulatory measures by the government because they get pressured by the big corps that AI locally is dangerous, but AI with big corps is all good and the right way. Which is an understandable concern. It’s not about you using whatever model you’re using; it’s about the broader philosophy of how AI should be integrated into our world. He’s saying the big corps are trying to monopolize the AI market, which is valid because that’s what’s happening right now.


  • In other words, the market is nearly saturated now, and Evernote makes its money with business people and institutions who often adhere to the “don’t change a working system” principle regarding their “tools.” Most of them will just keep paying if the functions are needed and already integrated.

    It’s a model most of these types of companies adopt sooner or later if they are for profit, and investors see the potential of this business as almost exhausted. It’s: grow, establish, grip, and squeeze.


  • If you really want, you can use almost any cloud-based solution that allows you to sync folders, with some caveats.

    I use Obsidian with my Google Drive; it took me about 5 minutes to set up, and it works like a charm now. However, you need to set it up on every device you plan on using for synchronization. Also, you cannot work on the same document on two devices simultaneously. Otherwise, it works as you’d expect.

    It’s definitely messier than the Obsidian cloud, but for my needs, syncing it via Google Drive is more than enough.