If the guy behind the Big Short is betting against Nvidia, it’s probably a big flag for the AI bros. After all, there are already reports that AI isn’t actually as good as businesses think for replacing actual human jobs.
Factor in an MIT study that says 95% of companies that invest in Gen AI have yet to see returns, and it’s likely a recipe for disaster. Just like the crypto craze, AI has yet to prove its value. It’s not a magical solution that can do anything.
Sure, it can chat with you, come up with answers, create pictures, realistic videos, and more, but can it really replace an actual person when half the time it’s likely to go off the rails and offer you terrible results?
No, it can’t, and investors are also starting to realise that the huge investments solicited by companies like OpenAI would require a tremendous upside to be worth it. But at the same time, many investors likely have too much at stake now, and will want to make sure that the bubble cont…
