Doing whatever is necessary to get money from VC's

If VCs are dumb enough it's their fault. A fool and his money are easily parted.

Wishing you success in achieving the Nobel Prize or other renowned accomplishments, leaving a legacy of confidence for future generations.

Internet's Effect on the World Economy Would Be No Greater Than the Fax Machine's.

--Paul Krugman

Yeah people used that quote for 3d TVs too

Basically what you’re saying is “another person made a wrong prediction in the past, so your prediction about something entirely different is wrong too”.

People used that same quote when talking about NFTs, and VR, and 3D TVs, and literally every grift and failed “big idea” ever since.

That quote is not an argument, and using it is a tired technique. The only thing it signals is a blind belief in whatever the quoter thinks is good at the time.

Yes, I know that quote is used to make fun of Internet nay-sayers, but I think younger people underestimate just how important fax machines were even as late as the early 2000s (and reportedly, they are still popular in Japan, where handwriting a note and faxing it is still easier than typing the characters).

It is very arguable whether they are “popular” in Japan for any reason at all other than Japan’s glacial pace of change.

A scam that has helped me automate useful tasks… sure

What has it helped you automate? Copilot was cool to use for a bit but I ultimately stopped paying for it. ChatGPT was exciting to play around with but it never became a core part of my workflow. We are 2+ years from GPT 3.5 but AI still hasn't made its way into my daily toolkit, so would be cool to hear how others are using it effectively.

Helped automate digging through ad ridden google searches to string together a series of articles explaining automation of mind mapping visualizations pointing to a sharepoint database.

I'm not sure that "scam" is the right word to use in this case, unless I am misconstruing what they are calling a scam.

However...

Did you train your own model? Fine tune it? Or did you just use some model that you had free/cheap access to?

AI/LLMs can/will be very useful things. But there is every indication that spending huge money to create a model is flushing money down the drain - you'll never be able to generate the revenue to justify that spend. And nevermind the cost to create - there are some models that cost more to operate than they can generate in revenue.

If there is money to be made with AI/LLMs (and there probably is), it is going to be made by some entity that is unburdened by the cost of creating the model.