Re:Why So Many Bitcoin Mining Companies Are Pivoting to AI
by Kon-Peki on Monday July 08, 2024 @10:25AM
(#40905727)
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.
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.