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Comment on Is AI the New Crypto?

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I'm happy to see this (though having read to the end, the author really doesn't say anything original and basically is a naive "AI" bull, but at least he asked the question)

There have always been two AIs, the same as there have always been two cryptos (three if you count cryptography).

The academic "crypto", distributed consensus etc. was always legit, and unfortunately didn't have many applications. The NFT, pooCoin, ponzi world crypto and the (to be charitable) naive VC investors s an pretended to understand the tech, was just a silly bubble and some bros having a moment (like those mortgage brokers in The Big Short.)

Anyway, AI is the same, and has all the second part, the VC bro bullshit from people pretending to be visionary, and no doubt the scammers and charlatans are moving in.

But there is so legitimate ML technology (not the current shiny stuff) that has economic value that will endure when the hype goes away.

So the difference is "crypto" is essentially worthless, AI/ML has a valuable baseline, it's just going through a silly bubble. When the dust settles, chatgpt8 will be the butt of some jokes, and we'll get on with the actual value of using gradient descent to find patterns in data

I'll chime in here (for the first time!) and say that I think you're onto something with breaking down these very loaded buzzwords. They hide long histories and unknown trajectories. 'Crypto' is a node module, something your grandma will tell you to stay away from or something that can allow more people to operate/move freely under tyrrany. A fan or beneficiary of Chatgpt's abilities is having a much better time than the people who worked on NNs in the 80s with no grant money. I.e., this future was deemed impossible in the 80s. To bring up another 'hot technology term' - quantum computing- I think it is possible that cryptography (incl currencies, property & credentials existing on-chain with carefully developed quantum resistance) will be the only buffer for humanity if these superhuman technologies are centrally controlled. ChatGPT is on some servers in the US. Imagine just gpt3 with quantum compute. Then gpt4 as promised with quantum compute and the claimed parameter increase coming for 2023. 'AI' and 'crypto' just mean "things handled by a linux kernel." If the kernel were conscious it might say "they're the same to me. things that roast graphics hardware." But this is not a comment geared toward speculative investing . More toward investing in not having machine overlords or superhuman-machine-enabled human overlords. I can't see anything other than encryption techniques as a way to balance things.

parameter count, gpt3 vs gpt 4 -> https://miro.medium.com/max/1302/0*TAynt0RllvotbwYt

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