Re:Apple cancels work on electric car, shifts team to genera...
by jcgrillo on Tuesday February 27, 2024 @03:40PM
(#39529586)
I think you're right, it'll be interesting to see whether the next AI winter brings a market crash with it. It would be one thing if it seemed like there was some commercial application beyond "neat nerd toy" but so far there just isn't that I'm aware of? That smells a lot like tulip bulbs.
It doesn't even seem to matter anymore. The tail is fully wagging the dog. Wall Street doesn't really care what companies are doing with AI, how they are using it, or whether their use of AI is going to actually drive earnings. They just care that they are using it. If a company says "We're doing AI blah blah blah" that's enough: investors are happy and stock price goes up.