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Seeing people panicking over nVidia's stock dropping like a stone at the news about an open-source LLM comparable to ChatGPT but without a country's worth of electricity needed, and I'm just shaking my head.

How is it even slightly possible that in this day and age, with THIS many crashes in the last twenty-plus years, that people still can't recognize a bubble when they see it? How? All of this, the billions of dollars wasted on nothing, had every hallmark of a bubble if not an outright pyramid scheme scam. It was always going to pop like a helium balloon at a porcupine's birthday party. If it wasn't this, it'd have been the perfume wearing off the stinkweed, something I expected to happen quite a while ago anyway.

#ai #economics #llm #nvidia