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305: AI Hype — The Straight Line Bias and the Fear of not Keeping Up

The Bootstrapped Founder

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Evolution of Payment Systems and Local AI Trends

The chapter explores the evolution of payment systems, particularly focusing on Stripe's advancements, before shifting to discuss the current state of AI technology. It highlights the trend towards local AI systems for tasks and the shift towards edge computing devices like personal servers and phones as AI processing units. The speaker emphasizes the benefits of local AI in terms of security, data privacy, and control over AI models, envisioning a collaborative future between humans and AI in various creative endeavors.

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