AI is very real and very powerful but it's being hyped up to be something it's not

(http://www.autoadmit.com/thread.php?thread_id=5827001&forum_id=2Reputation#49621121)

My prediction on how this will all play out is that the first domino to fall will be when OpenAI runs out of cash and gets bought out by some other tech giant. That will make investors think that maybe they should not be accepting absurd P/E ratios just because a company is doing something related to AI. This will lead to a significant drop in the share prices of the Magnificent Seven, which will lead to a wider stock market correction given that the Seven have driven most of the growth in the S&P over the last few years. My guess is that this will not lead to a wider economic downturn given that the Magnificent Seven are all well capitalized and can afford to light lots of money on fire, so we won't see a 2008-style panic. But once the market starts to correct, people will see that maybe AI is not going to result in a robotic utopia in the next few years.

As for the timing on this, I have no idea. Keynes' quip about how the market can remain irrational longer than you can remain solvent seems relevant here. I'm just guessing that OpenAI is the most vulnerable player in the field because they have essentially zero revenue and they are burning cash like it is going out of style. My guess is that sooner or later investors are going to get impatient and the cash spigot will dry up.

(http://www.autoadmit.com/thread.php?thread_id=5827001&forum_id=2Reputation#49621200)

You have said the actual truth. Musk recently said something along the lines of "there will be more humanoid robots than people in the world" and it's just laughably insane. No one wants this and there are significant material and energy constraints to prevent this.

(http://www.autoadmit.com/thread.php?thread_id=5827001&forum_id=2Reputation#49621980)