305: AI Hype — The Straight Line Bias and the Fear of not Keeping Up
Mar 22, 2024
Exploring the fear of falling behind in rapidly evolving tech world, pressures to invest in AI, and the rise and fall of chat technology. Evolution of payment systems and local AI trends, emphasizing benefits of local AI. Valuing human connection amidst automation, proactive measures for business preservation and future planning.
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insights INSIGHT
AI Development Pace
AI technology is rapidly evolving, creating a sense of urgency among founders to keep up. However, most technologies eventually mature and slow down, allowing users to integrate them into their lives.
volunteer_activism ADVICE
Avoid FOMO
Do not give in to the fear of missing out on AI trends. Focus on genuine human connections rather than chasing every new AI development.
insights INSIGHT
Local AI Systems
The shift towards local AI systems allows individuals and businesses greater control over technology. Local AI is becoming a viable option for many tasks, even if it lacks some capabilities of larger models.
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“If this tech keeps developing as fast as it does right now, will I ever be able to catch up?” is a question on my mind and the minds of many founders I’ve been talking to recently.
So, what about AI should we focus on? Where will this tech slow down, where will it speed up even more, and what should we focus on for our businesses?
The Bootstrapped Founder