Stock Markets Analysis and Opinion
Investors May Be Ignoring Weakening Economy Amid the AI Hype
2024.07.15 04:07
After Sequoia recently suggested that the , Goldman Sachs came out and made a similar point.
Tech blogger Ed Zitron took it a step further, concluding “Generative AI is decidedly not the future.”
Famed tech investor Roger McNamee went so far as to say that, “More evidence supports the view that LLMs are a scam than the Next Big Thing.”
And venture capitalist, Bill Gurley pointed out that there is much more potential from smaller, less expensive generative AI models than from the massive and obscenely expensive ones Big Tech is hyper-focused on developing.
Meanwhile, investors in these “hyperscalers” of generative AI are so enamored they may be overlooking important developments in the real economy.
