alt Hacker NewsYes. Both things can be true at the same time.
The question is when will the frontier AI companies turn a profit on said transformative technology since other than NVIDIA and big tech, it is losing them tens of billions and who will survive a crash when it comes.
This is when you know you are in a bubble when people with a clear financial incentive are going on to newsletters, podcasts and posting extremely outlandish predictions to sell the public on something.
The amount of engineers becoming snake-oil salesmen and vibe-coders becoming cybersecurity experts overnight selling AI courses is a good indicator which I am looking at.
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> The amount of engineers becoming ..
This is good. It's how you know they lacked the intellectual rigour required to be engineers in the first place and thus never were.
Agreed. People like Huang are doing too much weird stuff now, its obvious.
THe game is up - huge returns are not coming but some areas will benefit from LLMs like Software Engineers. Continued competition and reinvestment among the players will yield good outcomes imo.
Investors who didnt sell their stock in time are going to be p1ssed though. Wonder how the fall out will be managed.