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A comment on Money Is Pouring into AI. Skeptics Say It’s a ‘Grift Shift.’. Parent comment

Re:Money Is Pouring into AI. Skeptics Say It’s a ‘Grift Shift.’ by arcticbull on Thursday August 31, 2023 @07:00AM (#37335276)
The other common thread is it’s all the same grifters. The same people who hyped up the worlds slowest coal powered linked list as the future of money are now hyping up AI. I do think AI is somewhat different as we will be left with more to show for it than “PayPal for Cambodian human traffickers running pig butchering scams.”

My banal take is: notwithstanding above, all the risk premium is gone for investors and employees. Everything in the AI space is priced assuming flawless execution over a 20 year time frame. As a potential employee - or investor - that equity is just not interesting to me.

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Re:Money Is Pouring into AI. Skeptics Say It’s a ‘Grift Shift.’ by Animats on Thursday August 31, 2023 @05:22PM (#37343853)
> The other common thread is it’s all the same grifters.

Yes, the same grifters are migrating to AI. But there's a real industry in AI, unlike blockchain, where it was almost all grifters.

The pure scam industries, day trading, binary options, cryptocurrency, contracts for difference, retail FOREX, etc. do have many of the same people. If you want to follow this, there's Offshore Alert.[1]

[1] https://www.offshorealert.com/

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Re:Money Is Pouring into AI. Skeptics Say It’s a ‘Grift Shift.’ by Animats on Thursday August 31, 2023 @08:25PM (#37345292)
> same grifters are migrating to AI

This just in:

"MetaQuiz is the brainchild of MetFi DAO, a true trailblazer, investor, and incubator in the realms of AI, Metaverse, and Web3. With its unwavering commitment to innovation, MetFi DAO is reshaping education and entertainment in unprecedented ways. The platform aspires to redefine how individuals from diverse backgrounds learn, grow, and earn rewards in a secure and engaging environment. ... MetaQuiz introduces an unprecedented pathway, where the allure of learning seamlessly merges with tangible opportunities for earning."

AI, Metaverse, Web3, DAO, education, and gambling! What could possibly go wrong?

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